First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Short Interest Down 29.3% in December

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 144,161 shares, a decrease of 29.3% from the November 30th total of 203,833 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 100,684 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 100,684 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.1% of the shares of the company are sold short.

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 $0.23 during trading on Tuesday, reaching $15.32. 119,576 shares of the company’s stock were exchanged, compared to its average volume of 83,569. The company has a market cap of $107.24 million, a P/E ratio of -167.58 and a beta of 3.26. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 1-year low of $10.51 and a 1-year high of $25.90. The firm’s 50-day moving average price is $17.78 and its 200 day moving average price is $20.77.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.1131 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, December 12th. First Trust SkyBridge Crypto Industry and Digital Economy ETF’s payout ratio is presently -120.32%.

Institutional Trading of First Trust SkyBridge Crypto Industry and Digital Economy ETF

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the third quarter valued at approximately $152,000. Kestra Private Wealth Services LLC lifted its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 15.3% in the third quarter. Kestra Private Wealth Services LLC now owns 33,996 shares of the company’s stock worth $757,000 after acquiring an additional 4,514 shares during the period. Elevation Point Wealth Partners LLC raised its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 36.9% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 9,037 shares of the company’s stock worth $201,000 after acquiring an additional 2,437 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 45.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 46,177 shares of the company’s stock valued at $1,029,000 after purchasing an additional 14,416 shares in the last quarter. Finally, Compass Capital Corp MA ADV grew its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 3.6% during the 3rd quarter. Compass Capital Corp MA ADV now owns 112,549 shares of the company’s stock worth $2,508,000 after purchasing an additional 3,945 shares during the period.

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.