First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 49,349 shares, a decrease of 48.9% from the August 15th total of 96,563 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 58,698 shares, the short-interest ratio is currently 0.8 days.
Institutional Investors Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC raised its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 2.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 29,107 shares of the company’s stock valued at $339,000 after buying an additional 763 shares during the last quarter. Janney Montgomery Scott LLC raised its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% during the first quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock valued at $149,000 after acquiring an additional 1,200 shares in the last quarter. Silver Oak Securities Incorporated lifted its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 7.1% in the first quarter. Silver Oak Securities Incorporated now owns 54,336 shares of the company’s stock valued at $632,000 after acquiring an additional 3,597 shares during the period. Brown Financial Advisors boosted its position in 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. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 1st quarter worth approximately $57,000.
First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Performance
Shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF stock traded down $0.48 during trading on Tuesday, hitting $14.52. 17,001 shares of the company’s stock were exchanged, compared to its average volume of 91,457. The business has a 50-day simple moving average of $12.77 and a 200-day simple moving average of $13.21. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 52-week low of $10.74 and a 52-week high of $24.84. The stock has a market capitalization of $106.69 million, a price-to-earnings ratio of -158.79 and a beta of 3.19.
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.
Further Reading
- Five stocks we like better than First Trust SkyBridge Crypto Industry and Digital Economy ETF
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
- Cashing in on the Qubit: NVIDIA Takes the Quantum Leap
- Ready to Rumble: Anthropic Rings the AI Bell
Receive News & Ratings for First Trust SkyBridge Crypto Industry and Digital Economy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust SkyBridge Crypto Industry and Digital Economy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
