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

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 89,723 shares, an increase of 81.8% from the August 31st total of 49,349 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 58,762 shares, the short-interest ratio is currently 1.5 days.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Performance

First Trust SkyBridge Crypto Industry and Digital Economy ETF stock traded up $0.05 during midday trading on Tuesday, reaching $15.79. 45,407 shares of the stock were exchanged, compared to its average volume of 89,932. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 52 week low of $10.74 and a 52 week high of $24.84. The firm has a market cap of $118.42 million, a PE ratio of -172.72 and a beta of 3.19. The company’s fifty day moving average is $13.52 and its 200-day moving average is $13.41.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the first quarter valued at $57,000. Janney Montgomery Scott LLC raised its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock valued at $149,000 after acquiring an additional 1,200 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 1st quarter valued at about $151,000. Kestra Advisory Services LLC boosted its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 145.8% during the 1st quarter. Kestra Advisory Services LLC now owns 25,261 shares of the company’s stock valued at $294,000 after acquiring an additional 14,985 shares during the last quarter. Finally, Brown Financial Advisors grew its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.2% during the second quarter. Brown Financial Advisors now owns 26,174 shares of the company’s stock worth $297,000 after purchasing an additional 3,839 shares in the last quarter.

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.