First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Up 19.3% in August

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 223,700 shares, an increase of 19.3% from the August 15th total of 187,500 shares. Based on an average daily volume of 126,000 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Several institutional investors have recently bought and sold shares of SKYY. Sanctuary Advisors LLC purchased a new position in First Trust Cloud Computing ETF in the 2nd quarter worth approximately $979,000. EP Wealth Advisors LLC increased its stake in shares of First Trust Cloud Computing ETF by 15.0% in the second quarter. EP Wealth Advisors LLC now owns 2,821 shares of the company’s stock worth $270,000 after buying an additional 369 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in First Trust Cloud Computing ETF by 10.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 36,305 shares of the company’s stock valued at $3,468,000 after buying an additional 3,399 shares during the last quarter. Gateway Wealth Partners LLC boosted its position in First Trust Cloud Computing ETF by 368.9% during the 2nd quarter. Gateway Wealth Partners LLC now owns 12,683 shares of the company’s stock valued at $1,212,000 after buying an additional 9,978 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Cloud Computing ETF by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,930 shares of the company’s stock worth $2,764,000 after acquiring an additional 4,259 shares during the last quarter.

First Trust Cloud Computing ETF Trading Up 0.7 %

Shares of NASDAQ:SKYY traded up $0.64 on Monday, reaching $99.07. 120,108 shares of the company traded hands, compared to its average volume of 153,124. The stock has a market capitalization of $3.04 billion, a P/E ratio of 33.21 and a beta of 1.06. The business’s 50-day simple moving average is $94.76 and its 200 day simple moving average is $94.18. First Trust Cloud Computing ETF has a 52 week low of $70.42 and a 52 week high of $99.12.

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.