First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Sees Significant Drop in Short Interest

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 54,580 shares, a decrease of 70.3% from the April 30th total of 183,997 shares. Based on an average daily volume of 143,034 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are sold short.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Up 0.3%

CRPT opened at $14.57 on Friday. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a twelve month low of $10.74 and a twelve month high of $25.90. The company has a 50-day simple moving average of $13.87 and a 200 day simple moving average of $14.84. The stock has a market capitalization of $109.28 million, a price-to-earnings ratio of -159.37 and a beta of 3.17.

Institutional Investors Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

Several institutional investors and hedge funds have recently bought and sold shares of CRPT. Gradient Investments LLC lifted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 22.9% during the fourth quarter. Gradient Investments LLC now owns 1,928,427 shares of the company’s stock worth $28,946,000 after purchasing an additional 358,844 shares during the period. Csenge Advisory Group lifted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 102.0% during the fourth quarter. Csenge Advisory Group now owns 412,014 shares of the company’s stock worth $6,184,000 after purchasing an additional 208,020 shares during the period. Jane Street Group LLC bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the fourth quarter worth about $863,000. Mattson Financial Services LLC lifted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.3% during the fourth quarter. Mattson Financial Services LLC now owns 298,252 shares of the company’s stock worth $4,477,000 after purchasing an additional 43,945 shares during the period. Finally, Safe Harbor Wealth Advisors LLC bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the fourth quarter worth about $475,000.

About First Trust SkyBridge Crypto Industry and Digital Economy ETF

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in companies supporting the crypto industry and the digital economy around the world. CRPT was launched on Sep 20, 2021 and is managed by First Trust.