First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Short Interest Update

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 96,563 shares, a growth of 124.0% from the July 30th total of 43,103 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 94,147 shares, the days-to-cover ratio is currently 1.0 days.

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

A number of hedge funds have recently added to or reduced their stakes in CRPT. Csenge Advisory Group lifted its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 102.0% during the 4th quarter. Csenge Advisory Group now owns 412,014 shares of the company’s stock worth $6,184,000 after purchasing an additional 208,020 shares during the last quarter. Gradient Investments LLC grew its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 8.2% in the second quarter. Gradient Investments LLC now owns 2,340,500 shares of the company’s stock valued at $26,588,000 after purchasing an additional 177,354 shares during the last quarter. Jane Street Group LLC purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF in the fourth quarter valued at about $863,000. Mattson Financial Services LLC raised its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.3% in the fourth quarter. Mattson Financial Services LLC now owns 298,252 shares of the company’s stock worth $4,477,000 after purchasing an additional 43,945 shares in the last quarter. Finally, Safe Harbor Wealth Advisors LLC purchased a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the fourth quarter valued at about $475,000.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance

Shares of CRPT stock traded down $0.73 during mid-day trading on Friday, hitting $14.43. The stock had a trading volume of 40,543 shares, compared to its average volume of 93,698. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 12-month low of $10.74 and a 12-month high of $24.84. The firm’s 50-day moving average is $12.13 and its two-hundred day moving average is $13.03. The firm has a market capitalization of $106.06 million, a P/E ratio of -157.84 and a beta of 3.16.

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.