What caused the 23.78% increase in institutional shares (long) in the most recent quarter for SKYX?

The reported 23.78% increase in institutional shares (long) for SKYX Platforms Corp. during the most recent quarter, likely Q3 2025, can primarily be attributed to recent financing activities undertaken by the company.

A significant event that could drive such an increase was the issuance of convertible promissory notes. According to SKYX Platforms Corp.'s Form 10-Q filed on November 12, 2025, for the quarter ended September 30, 2025, the company generated proceeds of $5.2 million during September and October 2025 through the issuance of convertible promissory notes with existing investors.1 When these convertible notes are exercised or converted into common stock, they directly increase the number of shares held by the investing institutions.

Fintel's institutional ownership data for SKYX provides a comprehensive view of the funds holding positions in the company, including major shareholders such as Vanguard Group Inc., Millennium Management Llc, and BlackRock, Inc.2 An analysis of the individual 13F filings from these and other institutions would reveal which specific funds increased their long positions and the magnitude of those changes, offering a more granular understanding of the 23.78% rise. This accumulation is also reflected in the company's Fund Sentiment Score, which tracks institutional buying activity.2