First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Update

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 238,174 shares, an increase of 57.0% from the February 26th total of 151,700 shares. Based on an average trading volume of 461,300 shares, the short-interest ratio is presently 0.5 days. Currently, 1.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SKYY. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Cloud Computing ETF by 12,567.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,301,211 shares of the company’s stock valued at $429,422,000 after acquiring an additional 3,275,151 shares during the period. BNP Paribas Financial Markets raised its position in First Trust Cloud Computing ETF by 803.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 107,608 shares of the company’s stock worth $14,465,000 after purchasing an additional 95,702 shares during the period. Envestnet Asset Management Inc. lifted its stake in First Trust Cloud Computing ETF by 61.1% in the third quarter. Envestnet Asset Management Inc. now owns 154,904 shares of the company’s stock worth $20,822,000 after purchasing an additional 58,740 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of First Trust Cloud Computing ETF during the fourth quarter valued at approximately $6,823,000. Finally, Wells Fargo & Company MN grew its stake in shares of First Trust Cloud Computing ETF by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 335,915 shares of the company’s stock valued at $43,696,000 after buying an additional 47,229 shares during the last quarter.

First Trust Cloud Computing ETF Stock Down 3.6%

NASDAQ SKYY traded down $3.92 during trading hours on Friday, hitting $106.00. 161,259 shares of the company were exchanged, compared to its average volume of 284,991. First Trust Cloud Computing ETF has a 52 week low of $85.38 and a 52 week high of $143.74. The stock has a 50-day moving average price of $114.29 and a 200 day moving average price of $126.54. The stock has a market cap of $2.35 billion, a PE ratio of 33.85 and a beta of 1.24.

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.