First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Shares Down 1.2% – Here’s What Happened

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) traded down 1.2% on Wednesday . The stock traded as low as $11.57 and last traded at $11.95. Approximately 35,800 shares were traded during trading, a decline of 62% from the average session volume of 94,177 shares. The stock had previously closed at $12.09.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Trading Down 0.5%

The company has a market capitalization of $88.94 million, a price-to-earnings ratio of -132.36 and a beta of 3.16. The firm’s 50 day simple moving average is $13.72 and its 200-day simple moving average is $14.00.

Institutional Investors Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

A number of hedge funds have recently added to or reduced their stakes in CRPT. Sound Income Strategies LLC acquired a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 4th quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 1st quarter valued at approximately $57,000. CWM LLC boosted its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 68.2% in the fourth quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $70,000 after buying an additional 1,885 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 1,351.7% in the fourth quarter. Truvestments Capital LLC now owns 6,460 shares of the company’s stock valued at $97,000 after buying an additional 6,015 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% during the first quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock worth $149,000 after acquiring an additional 1,200 shares during the period.

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.