First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Short Interest Down 70.3% in May

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 54,580 shares, a drop of 70.3% from the April 30th total of 183,997 shares. Based on an average trading volume of 143,034 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the company’s shares are sold short.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Performance

NYSEARCA CRPT traded up $0.27 during mid-day trading on Friday, reaching $14.84. 53,906 shares of the stock were exchanged, compared to its average volume of 97,441. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 1-year low of $10.74 and a 1-year high of $25.90. The business’s fifty day simple moving average is $13.90 and its 200 day simple moving average is $14.84. The stock has a market capitalization of $111.30 million, a PE ratio of -162.33 and a beta of 3.17.

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

A number of hedge funds have recently bought and sold shares of CRPT. Sound Income Strategies LLC purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the fourth quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the first quarter worth approximately $57,000. CWM LLC raised its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 68.2% during the fourth quarter. CWM LLC now owns 4,650 shares of the company’s stock worth $70,000 after purchasing an additional 1,885 shares during the period. Truvestments Capital LLC raised its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 1,351.7% during the fourth quarter. Truvestments Capital LLC now owns 6,460 shares of the company’s stock worth $97,000 after purchasing an additional 6,015 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% during the first quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock worth $149,000 after purchasing an additional 1,200 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.