First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Shares Shorted: Short Interest Down 68.7% in October

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 27,935 shares, a decrease of 68.7% from the October 15th total of 89,313 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 37,843 shares, the short-interest ratio is presently 0.7 days.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance

Shares of NYSEARCA:CRPT traded down $0.31 during trading on Friday, reaching $11.29. 23,027 shares of the company were exchanged, compared to its average volume of 81,843. The firm has a market capitalization of $83.55 million, a PE ratio of -123.50 and a beta of 3.20. The business’s fifty day simple moving average is $14.49 and its 200-day simple moving average is $13.48. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 12-month low of $10.74 and a 12-month high of $18.71.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRPT. Cassaday & Co Wealth Management LLC bought a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 1st quarter worth $57,000. Janney Montgomery Scott LLC grew its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock worth $149,000 after acquiring an additional 1,200 shares in the last quarter. Harbour Investments Inc. purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 3rd quarter valued at about $202,000. Western Wealth Management LLC purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 1st quarter valued at about $151,000. Finally, Integrity Alliance LLC. purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 3rd quarter valued at about $224,000.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Company Profile

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.