First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Up 22.2% in February

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 223,500 shares, a growth of 22.2% from the January 31st total of 182,900 shares. Based on an average daily trading volume, of 232,100 shares, the short-interest ratio is currently 1.0 days.

First Trust Cloud Computing ETF Stock Performance

NASDAQ SKYY opened at $116.45 on Thursday. The stock has a 50-day simple moving average of $123.68 and a two-hundred day simple moving average of $114.41. The firm has a market capitalization of $3.58 billion, a P/E ratio of 32.02 and a beta of 1.06. First Trust Cloud Computing ETF has a fifty-two week low of $83.45 and a fifty-two week high of $131.54.

Hedge Funds Weigh In On First Trust Cloud Computing ETF

Institutional investors have recently modified their holdings of the stock. LFA Lugano Financial Advisors SA purchased a new position in shares of First Trust Cloud Computing ETF during the 4th quarter valued at about $32,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of First Trust Cloud Computing ETF by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after buying an additional 124 shares during the last quarter. Huntington National Bank raised its stake in shares of First Trust Cloud Computing ETF by 594.4% during the 4th quarter. Huntington National Bank now owns 375 shares of the company’s stock valued at $45,000 after buying an additional 321 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of First Trust Cloud Computing ETF in the 3rd quarter valued at about $40,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of 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 in the last quarter.

First Trust Cloud Computing ETF Company Profile

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.