First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Down 16.5% in December

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 219,000 shares, a decline of 16.5% from the November 30th total of 262,200 shares. Based on an average daily trading volume, of 153,900 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. US Bancorp DE raised its stake in shares of First Trust Cloud Computing ETF by 8.2% during the third quarter. US Bancorp DE now owns 6,220 shares of the company’s stock worth $636,000 after purchasing an additional 472 shares during the last quarter. Creative Planning increased its stake in shares of First Trust Cloud Computing ETF by 8.0% during the third quarter. Creative Planning now owns 11,929 shares of the company’s stock worth $1,220,000 after acquiring an additional 885 shares during the period. Main Management ETF Advisors LLC raised its holdings in First Trust Cloud Computing ETF by 0.8% during the second quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock worth $14,864,000 after purchasing an additional 1,200 shares in the last quarter. Marshall Wace LLP purchased a new stake in First Trust Cloud Computing ETF in the 2nd quarter valued at approximately $209,000. Finally, Seaview Investment Managers LLC acquired a new position in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $2,532,000.

First Trust Cloud Computing ETF Trading Down 1.7 %

SKYY stock traded down $2.09 on Friday, hitting $121.69. The company’s stock had a trading volume of 292,606 shares, compared to its average volume of 154,375. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The firm has a 50 day moving average of $118.38 and a two-hundred day moving average of $104.33. First Trust Cloud Computing ETF has a 1 year low of $83.06 and a 1 year high of $131.13.

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.