Short Interest in First Trust Cloud Computing ETF (NASDAQ:SKYY) Rises By 31.6%

First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Rating) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 294,300 shares, a growth of 31.6% from the July 15th total of 223,700 shares. Based on an average daily volume of 519,400 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. acquired a new position in First Trust Cloud Computing ETF in the second quarter valued at $89,000. US Capital Wealth Advisors LLC lifted its stake in shares of First Trust Cloud Computing ETF by 12.3% during the second quarter. US Capital Wealth Advisors LLC now owns 7,487 shares of the company’s stock worth $493,000 after purchasing an additional 819 shares in the last quarter. Strategic Blueprint LLC acquired a new position in shares of First Trust Cloud Computing ETF during the second quarter worth about $332,000. Credit Suisse AG lifted its stake in shares of First Trust Cloud Computing ETF by 26.4% during the second quarter. Credit Suisse AG now owns 27,692 shares of the company’s stock worth $1,825,000 after purchasing an additional 5,782 shares in the last quarter. Finally, Smith Moore & CO. lifted its stake in shares of First Trust Cloud Computing ETF by 3.1% during the second quarter. Smith Moore & CO. now owns 9,980 shares of the company’s stock worth $658,000 after purchasing an additional 304 shares in the last quarter.

First Trust Cloud Computing ETF Price Performance

First Trust Cloud Computing ETF stock traded up $1.58 during midday trading on Friday, reaching $78.10. The stock had a trading volume of 234,066 shares, compared to its average volume of 587,334. First Trust Cloud Computing ETF has a twelve month low of $61.44 and a twelve month high of $119.99. The stock’s 50-day simple moving average is $69.21 and its 200 day simple moving average is $77.62.

First Trust Cloud Computing ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Monday, June 27th were issued a $0.036 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Friday, June 24th.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider First Trust Cloud Computing ETF, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and First Trust Cloud Computing ETF wasn’t on the list.

While First Trust Cloud Computing ETF currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

.

Leave a Comment

News Msuica