Overview of SKYY
The First Trust ISE Cloud Computing Index Fund (SKYY) tracks the performance of companies involved in the cloud computing industry. This fund holds a varied portfolio of pure play, non-pure play, and technology conglomerate cloud computing firms, and weights each type of company equally within its category. This fund tracks the performance of 36 publicly listed companies in the cloud computing sector. The market capitalization of the fund is $479.88 million. The fund has an expense ratio of 0.60%, and an average daily volume of shares traded of $1.89 million. The fund’s price-to-earnings ratio is 38.89x, whereas its price-to-book value ratio and distribution yield stand at 3.74x and 0.33%, respectively.
The top five holdings of the fund include Amazon (AMZN) at 4.61%, Google (GOOG) at 4.59%, Netflix (NFLX) at 4.47%, Facebook Inc. Class A Shares (FB) at 4.27%, and Open Text Corporation at 4.23%. The five holdings 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 Fund have been $10.13 million, whereas in the trailing-12-month period net fund inflows stood at $124.22 million. There were no outflows or inflows of the fund in the trailing-one-week, whereas fund inflows in the trailing-three-month period were $28.34 million. Since August 20, 2015, the fund traded below its moving averages, with net fund inflows stood at $10.13 million.
The fund generated investor returns of 2.71% in the trailing-12-month period, and -3.18% in the trailing-one-month period. In comparison, it generated 12.34% returns in the trailing-3-year period, and -1.20% YTD.
On October 2, 2015, the fund closed the trading day at $28.65. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 3.92% below its 100-day moving average of $29.82
- 2.28% below its 50-day moving average of $29.32
- 0.22% above its 20-day moving average of $28.59
Relative strength index
The fund’s 14-day relative strength index, or RSI, is 49.57. Generally, if the RSI is above 70, the stock is likely overbought. An RSI figure below 30 suggests that a stock has been oversold.