First Trust Cloud Computing ETF Target of Unusually Large Options Trading (NASDAQ:SKYY)

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the target of some unusual options trading activity on Tuesday. Investors acquired 2,237 call options on the stock. This is an increase of approximately 860% compared to the average volume of 233 call options.

Shares of SKYY opened at $53.17 on Wednesday. First Trust Cloud Computing ETF has a twelve month low of $45.00 and a twelve month high of $68.94. The company’s fifty day simple moving average is $60.10 and its 200-day simple moving average is $59.67.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in shares of First Trust Cloud Computing ETF by 11.5% in the third quarter. Sunbelt Securities Inc. now owns 7,041 shares of the company’s stock worth $397,000 after purchasing an additional 729 shares during the last quarter. First Hawaiian Bank bought a new position in shares of First Trust Cloud Computing ETF in the fourth quarter worth about $224,000. Psagot Investment House Ltd. grew its holdings in shares of First Trust Cloud Computing ETF by 260.3% in the third quarter. Psagot Investment House Ltd. now owns 908 shares of the company’s stock worth $51,000 after purchasing an additional 656 shares during the last quarter. Cardan Capital Partners LLC grew its holdings in shares of First Trust Cloud Computing ETF by 7.3% in the fourth quarter. Cardan Capital Partners LLC now owns 42,048 shares of the company’s stock worth $2,538,000 after purchasing an additional 2,846 shares during the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of First Trust Cloud Computing ETF by 18.2% in the fourth quarter. Wedbush Securities Inc. now owns 4,985 shares of the company’s stock worth $301,000 after purchasing an additional 768 shares during the last quarter.

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