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

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 155,585 shares, a decrease of 35.0% from the May 31st total of 239,535 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 460,732 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Cloud Computing ETF Price Performance

First Trust Cloud Computing ETF stock opened at $134.86 on Friday. The stock’s fifty day moving average price is $132.07 and its two-hundred day moving average price is $122.98. First Trust Cloud Computing ETF has a one year low of $103.76 and a one year high of $155.76. The firm has a market cap of $2.73 billion, a PE ratio of 33.85 and a beta of 1.24.

Institutional Trading of First Trust Cloud Computing ETF

Several large investors have recently modified their holdings of SKYY. FAS Wealth Partners Inc. raised its stake in First Trust Cloud Computing ETF by 333.3% in the first quarter. FAS Wealth Partners Inc. now owns 585 shares of the company’s stock valued at $64,000 after purchasing an additional 450 shares in the last quarter. Rathbones Group PLC grew its stake in First Trust Cloud Computing ETF by 2.3% during the first quarter. Rathbones Group PLC now owns 8,086 shares of the company’s stock worth $884,000 after buying an additional 179 shares in the last quarter. Parallel Advisors LLC grew its stake in First Trust Cloud Computing ETF by 1,206.0% during the first quarter. Parallel Advisors LLC now owns 2,181 shares of the company’s stock worth $239,000 after buying an additional 2,014 shares in the last quarter. Unconventional Investor LLC increased its holdings in First Trust Cloud Computing ETF by 64.5% in the 1st quarter. Unconventional Investor LLC now owns 3,291 shares of the company’s stock valued at $360,000 after buying an additional 1,291 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in First Trust Cloud Computing ETF by 2.6% in the 1st quarter. Arkadios Wealth Advisors now owns 4,577 shares of the company’s stock valued at $501,000 after buying an additional 116 shares during the period.

About First Trust Cloud Computing ETF

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.