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 firms. It weights each type of company equally within its category.
SKYY tracks the performance of 36 publicly listed companies in the cloud computing sector. SKYY’s market capitalization is $501.8 million. It has an expense ratio of 0.60%, and average daily volume of shares traded is $2.0 million. SKYY’s PE (price-to-earnings) ratio is 38.47x, whereas its PB (price-to-book) ratio and distribution yield stand at 3.75x and 0.31%, respectively.
SKYY’s top five holdings are Amazon (AMZN) at 4.9%, Google (GOOG) at 4.9%, Netflix (NFLX) at 4.6%, Facebook Class A Shares (FB) at 4.5%, and Open Text Corporation at 4.3%. These companies make up more than 20% of SKYY’s total portfolio. Amazon (AMZN) accounts for 10.3% of the First Trust Dow Jones Internet ETF (FDN) as well.
Fund flows in SKYY
In the trailing one month, fund inflows for the First Trust ISE Cloud Computing ETF (SKYY) were $1.3 million. In the trailing 12-month (or TTM) period, net fund inflows were $122.7 million. Outflow of funds in the trailing one week were -$1.5 million, whereas fund inflows in the trailing three months (quarterly) were $25.4 million. Since August 20, 2015, SKYY has been trading below its moving averages. Since then, net fund inflows have been $8.6 million.
SKYY generated investor returns of 18.7% in the trailing 12-month period and 2.3% in the trailing one-month period. In comparison, it generated -0.83% returns in the trailing three-year period and 5.8% YTD (year-to-date).
On October 16, 2015, SKYY closed the trading day at $30.05. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 1.2% above its 100-day moving average of $29.71
- 3.1% above its 50-day moving average of $29.15
- 3.6% above its 20-day moving average of $29.01
Relative Strength Index
SKYY’s 14-day RSI (Relative Strength Index) is 61.8, which shows the ETF is slightly overbought. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests a stock has been oversold.