First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Sees Large Increase in Short Interest

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 183,997 shares, an increase of 241.2% from the April 15th total of 53,930 shares. Based on an average daily volume of 90,624 shares, the short-interest ratio is presently 2.0 days. Currently, 2.5% of the shares of the company are sold short.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Trading Down 3.2%

Shares of CRPT stock traded down $0.50 during trading hours on Friday, hitting $15.23. 133,740 shares of the company were exchanged, compared to its average volume of 96,582. The firm has a fifty day simple moving average of $13.61 and a 200 day simple moving average of $15.28. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 52-week low of $10.74 and a 52-week high of $25.90. The stock has a market capitalization of $114.23 million, a price-to-earnings ratio of -166.59 and a beta of 3.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 36.5% in the 2nd quarter. Jane Street Group LLC now owns 31,487 shares of the company’s stock valued at $731,000 after purchasing an additional 8,413 shares during the period. MML Investors Services LLC boosted its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 108.5% in the 2nd quarter. MML Investors Services LLC now owns 34,258 shares of the company’s stock valued at $795,000 after purchasing an additional 17,826 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 24.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 31,761 shares of the company’s stock valued at $737,000 after purchasing an additional 6,196 shares during the period. Brown Financial Advisors boosted its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 23.5% in the 2nd quarter. Brown Financial Advisors now owns 14,006 shares of the company’s stock valued at $325,000 after purchasing an additional 2,662 shares during the period. Finally, CWM LLC boosted its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 88.0% in the 3rd quarter. CWM LLC now owns 2,765 shares of the company’s stock valued at $62,000 after purchasing an additional 1,294 shares during the period.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Company Profile

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in companies supporting the crypto industry and the digital economy around the world. CRPT was launched on Sep 20, 2021 and is managed by First Trust.