First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Up 26.7% in November

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 276,000 shares, an increase of 26.7% from the October 31st total of 217,800 shares. Based on an average trading volume of 142,500 shares, the days-to-cover ratio is presently 1.9 days.

First Trust Cloud Computing ETF Price Performance

Shares of SKYY traded up $0.51 during mid-day trading on Friday, reaching $121.98. The stock had a trading volume of 61,767 shares, compared to its average volume of 149,488. First Trust Cloud Computing ETF has a 52-week low of $81.24 and a 52-week high of $125.33. The business’s fifty day moving average is $109.86 and its 200 day moving average is $99.94. The firm has a market cap of $3.57 billion, a price-to-earnings 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 have recently modified their holdings of SKYY. International Assets Investment Management LLC grew its holdings in shares of First Trust Cloud Computing ETF by 11,038.7% in the third quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock valued at $42,156,000 after purchasing an additional 408,542 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of First Trust Cloud Computing ETF by 86.2% in the third quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after purchasing an additional 82,121 shares during the period. Cetera Investment Advisers grew its holdings in shares of First Trust Cloud Computing ETF by 1,277.0% in the first quarter. Cetera Investment Advisers now owns 74,135 shares of the company’s stock valued at $7,087,000 after purchasing an additional 68,751 shares during the period. Benjamin Edwards Inc. purchased a new stake in First Trust Cloud Computing ETF in the 3rd quarter valued at about $5,373,000. Finally, Plotkin Financial Advisors LLC acquired a new position in First Trust Cloud Computing ETF in the third quarter valued at about $3,062,000.

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.