First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Short Interest Up 124.0% in August

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 96,563 shares, an increase of 124.0% from the July 30th total of 43,103 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 94,147 shares, the short-interest ratio is currently 1.0 days.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance

Shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF stock opened at $14.43 on Monday. The firm has a market cap of $106.06 million, a price-to-earnings ratio of -157.84 and a beta of 3.16. The stock’s 50-day moving average is $12.13 and its 200 day moving average is $13.02. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a one year low of $10.74 and a one year high of $24.84.

Hedge Funds Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

Several institutional investors have recently made changes to their positions in the stock. Brown Financial Advisors lifted its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.2% in the 2nd quarter. Brown Financial Advisors now owns 26,174 shares of the company’s stock worth $297,000 after purchasing an additional 3,839 shares in the last quarter. Paladin Wealth LLC increased its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 13.7% during the second quarter. Paladin Wealth LLC now owns 44,064 shares of the company’s stock worth $501,000 after acquiring an additional 5,321 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 8.2% in the 2nd quarter. Gradient Investments LLC now owns 2,340,500 shares of the company’s stock worth $26,588,000 after acquiring an additional 177,354 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 1st quarter worth about $151,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 1st quarter valued at about $57,000.

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.