Overview of SKYY
The First Trust ISE Cloud Computing ETF (SKYY) tracks the performance of companies involved in the cloud computing industry. SKYY holds a varied portfolio of pure play, non-pure play, and technology-conglomerate cloud computing companies. It gives each type of company an equal weight within its category.
SKYY tracks the performance of 37 publicly listed companies in the cloud computing sector. SKYY’s market capitalization is $475.03 million. It has an expense ratio of 0.60%, and average daily volume of shares traded is $1.9 million. Its price-to-earnings ratio is 37.27x, whereas its price-to-book and distribution yield stand at 4.0x and 0.32%, respectively.
SKYY’s top five holdings include Amazon (AMZN) at 4.36%, Google (GOOG) at 4.25%, Netflix (NFLX) at 4.17%, Facebook Class A Shares (FB) at 4.04%, and Equinix at 3.80%. These make up more than 20% of SKYY’s total portfolio.
Fund flows in SKYY
In the trailing one month, fund inflows for the First Trust ISE Cloud Computing ETF (SKYY) were $10.13 million. In the trailing 12-month (or TTM) period, net fund inflows stood at $124.22 million.
SKYY’s fund flows in the trailing one week and trailing three months are $2.85 million and $28.34 million, respectively. Since August 20, 2015, SKYY has been trading below its moving averages. Since then, SKYY’s net fund inflows have been $10.13 million.
SKYY generated investor returns of 3.74% in the trailing 12-month period and 3.85% in the trailing one-month period. In comparison, it generated 12.69% returns in the trailing three-year period and 0.38% year-to-date.
On September 25, 2015, SKYY closed the trading day at $28.36. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 5.33% below its 100-day moving average of $29.96
- 4.05% below its 50-day moving average of $29.56
- 1.36% below its 20-day moving average of $28.75
Relative Strength Index
SKYY’s 14-day RSI (Relative Strength Index) is 41.74, which shows 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 has been oversold.