First Trust Cloud Computing ETF (NASDAQ:SKYY) Sees Large Drop in Short Interest

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 104,200 shares, a decrease of 53.4% from the February 13th total of 223,500 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 253,100 shares, the short-interest ratio is presently 0.4 days.

First Trust Cloud Computing ETF Trading Up 3.7 %

NASDAQ SKYY opened at $107.27 on Friday. The company has a fifty day simple moving average of $121.73 and a 200 day simple moving average of $114.87. The company has a market cap of $3.30 billion, a P/E ratio of 32.02 and a beta of 1.06. First Trust Cloud Computing ETF has a 1 year low of $83.45 and a 1 year high of $131.54.

Institutional Trading of First Trust Cloud Computing ETF

Large investors have recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. Huntington National Bank boosted its holdings in First Trust Cloud Computing ETF by 594.4% in the 4th quarter. Huntington National Bank now owns 375 shares of the company’s stock valued at $45,000 after purchasing an additional 321 shares during the period. Morse Asset Management Inc bought a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at $40,000. Finally, SRS Capital Advisors Inc. boosted its holdings in First Trust Cloud Computing ETF by 1,343.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 433 shares of the company’s stock valued at $52,000 after purchasing an additional 403 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.