Short Interest in First Trust Cloud Computing ETF (NASDAQ:SKYY) Decreases By 18.1%

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 217,800 shares, a decrease of 18.1% from the October 15th total of 265,900 shares. Based on an average daily volume of 122,700 shares, the days-to-cover ratio is presently 1.8 days.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ SKYY traded down $2.61 during mid-day trading on Friday, hitting $115.58. 127,010 shares of the stock were exchanged, compared to its average volume of 148,009. First Trust Cloud Computing ETF has a twelve month low of $78.14 and a twelve month high of $121.59. The stock’s fifty day simple moving average is $104.93 and its two-hundred day simple moving average is $97.78. The company has a market cap of $3.39 billion, a P/E ratio of 33.21 and a beta of 1.06.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HBK Sorce Advisory LLC lifted its position in shares of First Trust Cloud Computing ETF by 3.4% during the first quarter. HBK Sorce Advisory LLC now owns 4,357 shares of the company’s stock worth $417,000 after purchasing an additional 142 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of First Trust Cloud Computing ETF by 5.1% in the 1st quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock valued at $234,000 after buying an additional 118 shares during the period. PEAK6 Investments LLC raised its position in shares of First Trust Cloud Computing ETF by 71.5% during the first quarter. PEAK6 Investments LLC now owns 6,534 shares of the company’s stock worth $625,000 after acquiring an additional 2,724 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust Cloud Computing ETF by 1,277.0% during the first quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock valued at $7,087,000 after acquiring an additional 68,751 shares during the period. Finally, Cetera Advisors LLC boosted its holdings in First Trust Cloud Computing ETF by 16.9% in the first quarter. Cetera Advisors LLC now owns 16,454 shares of the company’s stock valued at $1,573,000 after acquiring an additional 2,380 shares during the last quarter.

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.