First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Up 27.3% in July

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 232,500 shares, a growth of 27.3% from the July 15th total of 182,700 shares. Based on an average daily trading volume, of 124,200 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On First Trust Cloud Computing ETF

A number of hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in First Trust Cloud Computing ETF by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 297,788 shares of the company’s stock worth $26,107,000 after purchasing an additional 4,739 shares in the last quarter. Main Management ETF Advisors LLC boosted its stake in First Trust Cloud Computing ETF by 0.8% in the 2nd quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock worth $14,864,000 after purchasing an additional 1,200 shares in the last quarter. Raymond James & Associates boosted its stake in First Trust Cloud Computing ETF by 0.4% in the 2nd quarter. Raymond James & Associates now owns 148,379 shares of the company’s stock worth $14,175,000 after purchasing an additional 581 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in First Trust Cloud Computing ETF by 2.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 132,969 shares of the company’s stock worth $11,657,000 after purchasing an additional 2,566 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in First Trust Cloud Computing ETF by 18.1% in the 1st quarter. Private Advisor Group LLC now owns 130,739 shares of the company’s stock worth $12,499,000 after purchasing an additional 20,028 shares in the last quarter.

First Trust Cloud Computing ETF Stock Up 0.5 %

Shares of NASDAQ:SKYY traded up $0.45 during midday trading on Friday, reaching $96.71. The company’s stock had a trading volume of 61,919 shares, compared to its average volume of 156,027. The firm has a 50 day moving average of $93.60 and a 200-day moving average of $93.65. The firm has a market capitalization of $2.97 billion, a P/E ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $70.42 and a 12-month high of $97.78.

First Trust Cloud Computing ETF Company Profile

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.