First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 155,585 shares, a decline of 35.0% from the May 31st total of 239,535 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 460,732 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On First Trust Cloud Computing ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FAS Wealth Partners Inc. raised its holdings in shares of First Trust Cloud Computing ETF by 333.3% during the first quarter. FAS Wealth Partners Inc. now owns 585 shares of the company’s stock valued at $64,000 after purchasing an additional 450 shares during the period. Rathbones Group PLC grew its stake in shares of First Trust Cloud Computing ETF by 2.3% in the 1st quarter. Rathbones Group PLC now owns 8,086 shares of the company’s stock valued at $884,000 after buying an additional 179 shares during the period. Parallel Advisors LLC grew its stake in shares of First Trust Cloud Computing ETF by 1,206.0% in the 1st quarter. Parallel Advisors LLC now owns 2,181 shares of the company’s stock valued at $239,000 after buying an additional 2,014 shares during the period. Unconventional Investor LLC grew its stake in shares of First Trust Cloud Computing ETF by 64.5% in the 1st quarter. Unconventional Investor LLC now owns 3,291 shares of the company’s stock valued at $360,000 after buying an additional 1,291 shares during the period. Finally, Arkadios Wealth Advisors increased its position in First Trust Cloud Computing ETF by 2.6% in the 1st quarter. Arkadios Wealth Advisors now owns 4,577 shares of the company’s stock valued at $501,000 after buying an additional 116 shares in the last quarter.
First Trust Cloud Computing ETF Stock Up 1.3%
First Trust Cloud Computing ETF stock opened at $136.30 on Thursday. First Trust Cloud Computing ETF has a 12-month low of $103.76 and a 12-month high of $155.76. The firm’s fifty day moving average is $131.52 and its 200 day moving average is $122.88. The company has a market capitalization of $2.81 billion, a PE ratio of 33.85 and a beta of 1.24.
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.
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