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) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 89,723 shares, a growth of 81.8% from the August 31st total of 49,349 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 58,762 shares, the days-to-cover ratio is presently 1.5 days.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Trading Up 1.0%

CRPT traded up $0.16 during mid-day trading on Thursday, hitting $15.74. 17,933 shares of the stock were exchanged, compared to its average volume of 89,159. The firm’s fifty day moving average is $13.65 and its two-hundred day moving average is $13.45. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 1-year low of $10.74 and a 1-year high of $24.84. The company has a market cap of $118.05 million, a PE ratio of -172.17 and a beta of 3.19.

Institutional Trading of First Trust SkyBridge Crypto Industry and Digital Economy ETF

Hedge funds have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 1st quarter worth approximately $57,000. Janney Montgomery Scott LLC grew its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock worth $149,000 after acquiring an additional 1,200 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the first quarter worth $151,000. Kestra Advisory Services LLC grew its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 145.8% in the first quarter. Kestra Advisory Services LLC now owns 25,261 shares of the company’s stock worth $294,000 after acquiring an additional 14,985 shares in the last quarter. Finally, Brown Financial Advisors increased its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.2% during the second quarter. Brown Financial Advisors now owns 26,174 shares of the company’s stock worth $297,000 after acquiring an additional 3,839 shares during the period.

About First Trust SkyBridge Crypto Industry and Digital Economy ETF

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.