First Trust Cloud Computing ETF (SKYY) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Cloud Computing ETF shares that have been sold short but have not yet been covered or closed out. As of April 30th, investors have sold 77,400 shares of SKYY short. Learn More on First Trust Cloud Computing ETF's current short interest.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of First Trust Cloud Computing ETF: Citadel Advisors LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

First Trust Cloud Computing ETF saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 77,400 shares, a decline of 28.1% from the previous total of 107,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust Cloud Computing ETF: First Trust NASDAQ Technology Dividend Index Fund (0.10%), First Trust NASDAQ 100 Technology Index Fund (1.13%), First Trust Nasdaq Semiconductor ETF (0.17%), Invesco Dorsey Wright Technology Momentum ETF (0.04%), Invesco PHLX Semiconductor ETF (0.77%), Invesco S&P SmallCap Information Technology ETF (2.17%), Xtrackers Semiconductor Select Equity ETF (0.05%), and iShares Semiconductor ETF (9.28%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling SKYY is an investing strategy that aims to generate trading profit from First Trust Cloud Computing ETF as its price is falling. SKYY shares are trading up $0.16 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Cloud Computing ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SKYY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SKYY, twice per month. The most recent reporting period available is April, 30 2024.