First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Short Interest Up 19.7% in January

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 48,107 shares, a growth of 19.7% from the December 31st total of 40,190 shares. Based on an average trading volume of 111,352 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 111,352 shares, the short-interest ratio is currently 0.4 days.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance

Shares of NYSEARCA:CRPT traded down $1.20 during trading on Tuesday, reaching $13.36. 60,730 shares of the stock were exchanged, compared to its average volume of 94,161. The firm has a market cap of $99.49 million, a price-to-earnings ratio of -146.08 and a beta of 3.26. The stock has a fifty day moving average of $16.59 and a two-hundred day moving average of $19.71. 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.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.1131 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, December 12th. First Trust SkyBridge Crypto Industry and Digital Economy ETF’s payout ratio is presently -120.32%.

Hedge Funds Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

Several institutional investors and hedge funds have recently bought and sold shares of CRPT. Gradient Investments LLC increased its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 22.9% during the 4th quarter. Gradient Investments LLC now owns 1,928,427 shares of the company’s stock valued at $28,946,000 after purchasing an additional 358,844 shares during the period. Csenge Advisory Group boosted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 41.0% during the 3rd quarter. Csenge Advisory Group now owns 203,994 shares of the company’s stock valued at $4,545,000 after acquiring an additional 59,336 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 3rd quarter worth approximately $1,089,000. Mattson Financial Services LLC boosted its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 13.9% during the third quarter. Mattson Financial Services LLC now owns 254,307 shares of the company’s stock valued at $5,666,000 after purchasing an additional 31,062 shares in the last quarter. Finally, Manchester Financial Inc. raised its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 69.8% in the second quarter. Manchester Financial Inc. now owns 70,506 shares of the company’s stock worth $1,636,000 after purchasing an additional 28,988 shares in the last quarter.

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.