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

First Trust Cloud Computing ETF (NASDAQ:SKYYGet Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 157,300 shares, a drop of 35.0% from the May 15th total of 241,900 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 233,800 shares, the days-to-cover ratio is presently 0.7 days.

First Trust Cloud Computing ETF Stock Up 1.5%

Shares of SKYY stock opened at $117.45 on Tuesday. The firm has a 50-day moving average price of $108.91 and a 200 day moving average price of $115.25. The company has a market capitalization of $3.46 billion, a P/E ratio of 30.28 and a beta of 1.06. First Trust Cloud Computing ETF has a 12-month low of $83.45 and a 12-month high of $131.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Exencial Wealth Advisors LLC increased its holdings in First Trust Cloud Computing ETF by 1.5% during the fourth quarter. Exencial Wealth Advisors LLC now owns 5,411 shares of the company’s stock worth $645,000 after buying an additional 82 shares during the last quarter. Peterson Wealth Management grew its holdings in shares of First Trust Cloud Computing ETF by 0.7% during the first quarter. Peterson Wealth Management now owns 13,589 shares of the company’s stock worth $1,389,000 after purchasing an additional 96 shares during the last quarter. Core Wealth Partners LLC increased its position in First Trust Cloud Computing ETF by 4.5% during the 4th quarter. Core Wealth Partners LLC now owns 2,547 shares of the company’s stock valued at $303,000 after purchasing an additional 110 shares during the period. Banco Santander S.A. grew its stake in First Trust Cloud Computing ETF by 4.9% during the first quarter. Banco Santander S.A. now owns 2,580 shares of the company’s stock worth $264,000 after purchasing an additional 120 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its stake in First Trust Cloud Computing ETF by 4.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,821 shares of the company’s stock valued at $288,000 after purchasing an additional 125 shares in the last quarter.

About First Trust Cloud Computing ETF

(Get Free Report)

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.

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