Overview of SKYY
The First Trust ISE Cloud Computing Index Fund (SKYY) tracks the performance of companies engaged in the cloud computing industry. This ETF holds a varied portfolio of pure play, non-pure play, and technology conglomerate cloud computing firms, and it weights each type of company equally within its category.
SKYY tracks the performance of 38 publicly listed companies in the cloud computing sector. Its market capitalization is $480.85 million.
SKYY’s top five holdings are:
- Amazon (AMZN): 4.36%
- Google (GOOG): 4.25%
- Netflix (NFLX): 4.17%
- Facebook Inc. Class A Shares (FB): 4.04%
- Equinix: 3.80%
These five stocks comprise over 20% of the total portfolio.
Fund flows in SKYY
In the trailing one-month period, fund inflows for the First Trust ISE Cloud Computing Index ETF (SKYY) were $7.28 million. In the trailing 12-month (or TTM) period, the net fund inflows stand at $121.37 million. Fund flows in the trailing one-week and trailing three-month (quarterly) periods for SKYY are $5.83 million and -$1.98 million, respectively. Since August 20, 2015, SKYY has been trading below its moving averages and since then, net fund inflows in the ETF have been $7.28 million.
SKYY generated investor returns of 5.50% in the trailing 12-month period and -4.56% in the trailing one-month period. In comparison, it generated 13.15% returns in the trailing three-year period and 3.14% year-to-date.
On September 18, 2015, SKYY closed the trading day at $28.88. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 93% below its 100-day moving average of $30.06
- 72% below its 50-day moving average of $29.69
- 76% above its 20-day moving average of $28.66
Relative strength index
SKYY’s 14-day RSI (relative strength index) is 46.89, which shows that the stock is slightly oversold. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock is oversold.