First Trust Cloud Computing ETF (NASDAQ:SKYY – received rating) was the target of a sharp rise in short rates in April. On April 15, there was short interest totaling 813,900 shares, a 145.3% increase from March 31 of a total of 331,800 shares. Based on an average trading volume of 651,200 shares, the short interest ratio is currently 1.2 days.
SKYY camp opened at $79.43 on Friday. The company has a 50-day moving average price of $85.26 and a 200-day moving average price of $97.57. The First Trust Cloud Computing ETF has a 52-week low of $76.17 and a 52-week high of $119.99.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 28 were paid a dividend of $0.083. The ex-dividend date of this dividend was Friday March 25th. That equates to an annualized dividend of $0.33 and a yield of 0.42%.
Several major investors have…