First Trust Cloud Computing ETF (NASDAQ:SKYY) Sees Significant Drop in Short Interest

Posted by Caroline Horne on Jul 16th, 2026

First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 89,264 shares, a decrease of 42.6% from the June 15th total of 155,585 shares. Based on an average daily trading volume, of 381,173 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

First Trust Cloud Computing ETF Trading Down 0.5%

Shares of NASDAQ:SKYY traded down $0.65 on Thursday, reaching $136.38. 236,180 shares of the company traded hands, compared to its average volume of 321,408. The stock has a market capitalization of $2.83 billion, a P/E ratio of 33.85 and a beta of 1.24. The business’s 50-day simple moving average is $134.93 and its 200 day simple moving average is $123.38. First Trust Cloud Computing ETF has a 52 week low of $103.76 and a 52 week high of $155.76.

Hedge Funds Weigh In On First Trust Cloud Computing ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in First Trust Cloud Computing ETF by 97.0% in the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 97 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter valued at approximately $30,000. Franklin Resources Inc. purchased a new stake in shares of First Trust Cloud Computing ETF during the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. grew its holdings in shares of First Trust Cloud Computing ETF by 177.9% in the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after purchasing an additional 185 shares during the last quarter. Finally, Capital Advisors Ltd. LLC bought a new position in shares of First Trust Cloud Computing ETF in the first quarter worth approximately $35,000.

About First Trust Cloud Computing ETF

(Get Free Report)

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.