First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Up 57.0% in March

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 238,174 shares, a growth of 57.0% from the February 26th total of 151,700 shares. Based on an average daily volume of 461,300 shares, the short-interest ratio is currently 0.5 days. Approximately 1.1% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Cloud Computing ETF

A number of large investors have recently made changes to their positions in the business. US Bancorp DE grew its position in First Trust Cloud Computing ETF by 1.3% during the third quarter. US Bancorp DE now owns 6,108 shares of the company’s stock valued at $821,000 after purchasing an additional 78 shares in the last quarter. Pines Wealth Management LLC grew its holdings in shares of First Trust Cloud Computing ETF by 4.5% during the 3rd quarter. Pines Wealth Management LLC now owns 1,844 shares of the company’s stock valued at $248,000 after acquiring an additional 79 shares in the last quarter. Private Trust Co. NA increased its stake in shares of First Trust Cloud Computing ETF by 2.7% in the fourth quarter. Private Trust Co. NA now owns 3,034 shares of the company’s stock worth $395,000 after acquiring an additional 79 shares during the last quarter. Exencial Wealth Advisors LLC increased its stake in shares of First Trust Cloud Computing ETF by 1.9% in the third quarter. Exencial Wealth Advisors LLC now owns 4,378 shares of the company’s stock worth $588,000 after acquiring an additional 83 shares during the last quarter. Finally, Fifth Third Securities Inc. raised its holdings in shares of First Trust Cloud Computing ETF by 3.7% during the third quarter. Fifth Third Securities Inc. now owns 2,375 shares of the company’s stock worth $319,000 after acquiring an additional 84 shares in the last quarter.

First Trust Cloud Computing ETF Stock Down 3.6%

Shares of SKYY traded down $3.92 during mid-day trading on Friday, reaching $106.00. The company’s stock had a trading volume of 161,259 shares, compared to its average volume of 284,991. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. The business has a fifty day moving average of $114.29 and a 200 day moving average of $126.58. First Trust Cloud Computing ETF has a 1 year low of $85.38 and a 1 year high of $143.74.

First Trust Cloud Computing ETF Company Profile

The First Trust Cloud Computing ETF (SKYY) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%. SKYY was launched on Jul 5, 2011 and is managed by First Trust.