Short Interest in First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Drops By 72.1%

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 40,190 shares, a decline of 72.1% from the December 15th total of 144,161 shares. Based on an average trading volume of 76,287 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 76,287 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 2nd quarter worth about $34,000. CWM LLC boosted its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 88.0% in the third quarter. CWM LLC now owns 2,765 shares of the company’s stock worth $62,000 after buying an additional 1,294 shares during the period. AE Wealth Management LLC acquired a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the second quarter valued at about $83,000. Elevation Point Wealth Partners LLC acquired a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 2nd quarter worth approximately $153,000. Finally, Advisory Services Network LLC purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 3rd quarter worth approximately $152,000.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Up 0.8%

Shares of CRPT traded up $0.14 on Tuesday, hitting $17.29. 13,320 shares of the stock traded hands, compared to its average volume of 121,101. The stock’s 50 day moving average is $16.84 and its two-hundred day moving average is $20.43. The firm has a market capitalization of $128.81 million, a P/E ratio of -188.91 and a beta of 3.26. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 1 year low of $10.51 and a 1 year high of $25.90.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.1131 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.6%. First Trust SkyBridge Crypto Industry and Digital Economy ETF’s dividend payout ratio is currently -120.32%.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Company Profile

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in companies supporting the crypto industry and the digital economy around the world. CRPT was launched on Sep 20, 2021 and is managed by First Trust.