First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Stock Short Interest Falls 68.7%

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 27,935 shares, a drop of 68.7% from the October 15th total of 89,313 shares. Based on an average daily trading volume, of 37,843 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Gradient Investments LLC boosted its holdings in 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 buying an additional 177,354 shares during the period. HighTower Advisors LLC bought a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the third quarter worth about $700,000. Ashton Thomas Private Wealth LLC increased its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 9.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 18,782 shares of the company’s stock worth $293,000 after purchasing an additional 1,550 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock worth $149,000 after buying an additional 1,200 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the first quarter worth about $57,000.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Trading Down 2.7%

NYSEARCA CRPT traded down $0.31 on Friday, reaching $11.29. 23,027 shares of the stock were exchanged, compared to its average volume of 81,843. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a one year low of $10.74 and a one year high of $18.71. The firm has a market capitalization of $83.55 million, a PE ratio of -123.50 and a beta of 3.20. The company’s 50-day simple moving average is $14.49 and its two-hundred day simple moving average is $13.48.

About First Trust SkyBridge Crypto Industry and Digital Economy ETF

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.