Short Interest in First Trust Cloud Computing ETF (NASDAQ:SKYY) Increases By 19.8%

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 108,795 shares, a growth of 19.8% from the December 31st total of 90,848 shares. Based on an average trading volume of 127,058 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 127,058 shares, the short-interest ratio is presently 0.9 days.

First Trust Cloud Computing ETF Stock Down 4.6%

Shares of First Trust Cloud Computing ETF stock traded down $5.45 during trading on Tuesday, hitting $113.85. 344,384 shares of the stock traded hands, compared to its average volume of 166,953. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 52 week low of $85.38 and a 52 week high of $143.74. The firm’s fifty day moving average is $128.70 and its 200-day moving average is $129.78.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE lifted its position in First Trust Cloud Computing ETF by 1.3% in the third quarter. US Bancorp DE now owns 6,108 shares of the company’s stock valued at $821,000 after purchasing an additional 78 shares during the last quarter. Pines Wealth Management LLC boosted its position in First Trust Cloud Computing ETF by 4.5% during the 3rd quarter. Pines Wealth Management LLC now owns 1,844 shares of the company’s stock valued at $248,000 after buying an additional 79 shares during the period. Private Trust Co. NA boosted its position in First Trust Cloud Computing ETF by 2.7% during the 4th quarter. Private Trust Co. NA now owns 3,034 shares of the company’s stock valued at $395,000 after buying an additional 79 shares during the period. Exencial Wealth Advisors LLC grew its holdings in First Trust Cloud Computing ETF by 1.9% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 4,378 shares of the company’s stock worth $588,000 after acquiring an additional 83 shares during the last quarter. Finally, Fifth Third Securities Inc. raised its stake in shares of First Trust Cloud Computing ETF by 3.7% during the third quarter. Fifth Third Securities Inc. now owns 2,375 shares of the company’s stock valued at $319,000 after acquiring an additional 84 shares during the last quarter.

About First Trust Cloud Computing ETF

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.