First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 183,997 shares, an increase of 241.2% from the April 15th total of 53,930 shares. Based on an average daily volume of 90,624 shares, the short-interest ratio is presently 2.0 days. Approximately 2.5% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC increased its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 2.7% in the first quarter. Kestra Private Wealth Services LLC now owns 29,107 shares of the company’s stock worth $339,000 after buying an additional 763 shares during the period. Stifel Financial Corp increased its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 3.0% in the fourth quarter. Stifel Financial Corp now owns 29,763 shares of the company’s stock worth $447,000 after buying an additional 871 shares during the period. Janney Montgomery Scott LLC increased its holdings 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 during the period. CWM LLC increased its holdings 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. Finally, Sound Income Strategies LLC purchased a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the fourth quarter worth about $26,000.
First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance
CRPT stock traded up $0.28 during mid-day trading on Thursday, hitting $15.73. 146,167 shares of the stock were exchanged, compared to its average volume of 96,179. The business has a fifty day moving average price of $13.52 and a 200 day moving average price of $15.33. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 12 month low of $10.74 and a 12 month high of $25.90. The stock has a market capitalization of $117.98 million, a price-to-earnings ratio of -172.06 and a beta of 3.17.
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.
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