First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Sees Large Drop in Short Interest

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 49,349 shares, a decline of 48.9% from the August 15th total of 96,563 shares. Based on an average trading volume of 58,698 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.7% of the shares of the stock are short sold.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Trading Down 2.9%

NYSEARCA:CRPT opened at $13.88 on Thursday. The company has a 50-day moving average of $12.85 and a 200-day moving average of $13.23. The firm has a market cap of $111.03 million, a price-to-earnings ratio of -151.83 and a beta of 3.19. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a twelve month low of $10.74 and a twelve month high of $24.84.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mattson Financial Services LLC raised 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 worth $4,477,000 after buying an additional 43,945 shares during the period. Csenge Advisory Group boosted its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 102.0% in the fourth quarter. Csenge Advisory Group now owns 412,014 shares of the company’s stock worth $6,184,000 after buying an additional 208,020 shares during the period. Gradient Investments LLC increased its position in shares of 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 worth $26,588,000 after acquiring an additional 177,354 shares in the last quarter. Integrity Alliance LLC. acquired a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the fourth quarter valued at approximately $364,000. Finally, Western Wealth Management LLC acquired a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the first quarter valued at approximately $151,000.

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.