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

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a large 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 currently 0.4 days. Approximately 0.7% of the shares of the company are short sold.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Up 1.9%

CRPT traded up $0.27 during trading hours on Friday, hitting $14.84. The stock had a trading volume of 53,906 shares, compared to its average volume of 97,441. The company’s fifty day simple moving average is $13.90 and its 200 day simple moving average is $14.84. 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 stock has a market cap of $111.30 million, a PE ratio of -162.33 and a beta of 3.17.

Institutional Investors Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

Several large investors have recently added to or reduced their stakes in CRPT. Gradient Investments LLC increased its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 22.9% in the 4th quarter. Gradient Investments LLC now owns 1,928,427 shares of the company’s stock worth $28,946,000 after acquiring an additional 358,844 shares during the last quarter. Csenge Advisory Group grew its holdings in 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 valued at $6,184,000 after buying an additional 208,020 shares in the last quarter. Jane Street Group LLC purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 4th quarter valued at about $863,000. Mattson Financial Services LLC grew its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.3% during the 4th quarter. Mattson Financial Services LLC now owns 298,252 shares of the company’s stock valued at $4,477,000 after buying an additional 43,945 shares in the last quarter. Finally, Safe Harbor Wealth Advisors LLC purchased a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 4th quarter valued at about $475,000.

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.