First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Up 26.7% in November

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 276,000 shares, an increase of 26.7% from the October 31st total of 217,800 shares. Based on an average daily volume of 142,500 shares, the days-to-cover ratio is presently 1.9 days.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYY traded up $0.51 during trading on Friday, reaching $121.98. 61,767 shares of the stock were exchanged, compared to its average volume of 149,488. First Trust Cloud Computing ETF has a 12-month low of $81.24 and a 12-month high of $125.33. The firm’s 50-day moving average price is $109.86 and its 200 day moving average price is $99.94. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Several institutional investors and hedge funds have recently modified their holdings of SKYY. International Assets Investment Management LLC lifted its position in First Trust Cloud Computing ETF by 11,038.7% during the 3rd quarter. International Assets Investment Management LLC now owns 412,243 shares of the company’s stock worth $42,156,000 after acquiring an additional 408,542 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of First Trust Cloud Computing ETF by 86.2% in the third quarter. PNC Financial Services Group Inc. now owns 177,430 shares of the company’s stock valued at $18,144,000 after purchasing an additional 82,121 shares during the period. Raymond James & Associates grew its holdings in First Trust Cloud Computing ETF by 9.2% during the 3rd quarter. Raymond James & Associates now owns 162,068 shares of the company’s stock valued at $16,573,000 after purchasing an additional 13,689 shares in the last quarter. Main Management ETF Advisors LLC increased its stake in First Trust Cloud Computing ETF by 0.8% during the 2nd quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock worth $14,864,000 after buying an additional 1,200 shares during the period. Finally, Private Advisor Group LLC boosted its position in First Trust Cloud Computing ETF by 20.6% in the 3rd quarter. Private Advisor Group LLC now owns 120,366 shares of the company’s stock valued at $12,309,000 after buying an additional 20,559 shares during 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.