First Trust Cloud Computing ETF (NASDAQ:SKYYreceived rating) recorded a significant increase in short-term interest 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.

A number of hedge funds recently changed their holdings of SKYY. First Horizon Advisors Inc. increased its position in shares of the First Trust Cloud Computing ETF by 1,090.9% during the fourth quarter. First Horizon Advisors Inc. now owns 262 shares of the company’s stock, valued at $27,000, after purchasing an additional 240 shares last quarter. The Bank of New Hampshire acquired a roughly $27,000 new stake in the First Trust Cloud Computing ETF in Q1. Sandy Cove Advisors LLC acquired approximately $30,000 of a new holding in the First Trust Cloud Computing ETF during the fourth quarter. Mystical wealth management…

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