Short Interest in First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Drops By 29.3%

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 144,161 shares, a decline of 29.3% from the November 30th total of 203,833 shares. Based on an average daily volume of 100,684 shares, the short-interest ratio is currently 1.4 days. Currently, 2.1% of the company’s stock are sold short. Currently, 2.1% of the company’s stock are sold short. Based on an average daily volume of 100,684 shares, the short-interest ratio is currently 1.4 days.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Performance

NYSEARCA CRPT traded down $0.31 during trading hours on Wednesday, reaching $15.01. 46,665 shares of the company’s stock were exchanged, compared to its average volume of 83,421. The company has a market capitalization of $105.07 million, a price-to-earnings ratio of -164.19 and a beta of 3.26. The company’s 50-day moving average is $17.78 and its two-hundred day moving average is $20.77. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a one year low of $10.51 and a one year high of $25.90.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a dividend of $0.1131 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.45 annualized dividend and a dividend yield of 3.0%. First Trust SkyBridge Crypto Industry and Digital Economy ETF’s dividend payout ratio is currently -120.32%.

Hedge Funds Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC lifted its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 23.6% in the 3rd quarter. Gradient Investments LLC now owns 1,569,583 shares of the company’s stock valued at $34,970,000 after purchasing an additional 299,790 shares during the last quarter. AE Wealth Management LLC bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF in the second quarter valued at approximately $83,000. Mattson Financial Services LLC raised its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 6.8% in the second quarter. Mattson Financial Services LLC now owns 223,245 shares of the company’s stock valued at $5,182,000 after buying an additional 14,166 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the second quarter valued at approximately $153,000. Finally, HBW Advisory Services LLC boosted its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 11.2% during the 2nd quarter. HBW Advisory Services LLC now owns 29,679 shares of the company’s stock worth $689,000 after acquiring an additional 2,989 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.