First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Shares Down 1.2% – Here’s What Happened

Shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) dropped 1.2% during trading on Wednesday . The company traded as low as $11.57 and last traded at $11.95. Approximately 35,800 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 94,177 shares. The stock had previously closed at $12.09.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Down 1.2%

The firm has a market cap of $87.83 million, a price-to-earnings ratio of -130.72 and a beta of 3.16. The company’s fifty day moving average is $13.76 and its 200 day moving average is $14.03.

Hedge Funds Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

A number of large investors have recently modified their holdings of CRPT. Jane Street Group LLC increased its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 36.5% in the second quarter. Jane Street Group LLC now owns 31,487 shares of the company’s stock valued at $731,000 after acquiring an additional 8,413 shares during the last quarter. MML Investors Services LLC boosted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 108.5% during the second quarter. MML Investors Services LLC now owns 34,258 shares of the company’s stock valued at $795,000 after purchasing an additional 17,826 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 24.2% in the second quarter. Orion Porfolio Solutions LLC now owns 31,761 shares of the company’s stock valued at $737,000 after purchasing an additional 6,196 shares in the last quarter. Brown Financial Advisors increased its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 23.5% during the 2nd quarter. Brown Financial Advisors now owns 14,006 shares of the company’s stock worth $325,000 after purchasing an additional 2,662 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 3rd quarter worth approximately $308,000.

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.