Overview of SKYY
The First Trust ISE Cloud Computing Index ETF (SKYY) tracks the performances of companies involved in the cloud computing industry. This ETF holds a varied portfolio of pure play, non-pure play, and technology conglomerate cloud-computing companies, weighing each type of company equally within its category.
SKYY tracks the performances of 36 publicly listed companies in the cloud-computing sector. SKYY’s market capitalization is $526.2 million. The ETF has an expense ratio of 0.60%, and its average daily volume of shares traded in dollars is $2.1 million. Its price-to-earnings ratio is 38.47x, and its price-to-book value ratio and distribution yield stand at 3.75x and 0.30%, respectively.
SKYY’s top five holdings include Amazon (AMZN) at 4.9%, Google (GOOG) at 4.9%, Netflix (NFLX) at 4.6%, Facebook Class A Shares (FB) at 4.5%, and OpenText at 4.3%. These companies constitute over 20% of the ETF’s portfolio. Amazon constitutes 10.3% of the First Trust Dow Jones Internet Index ETF (FDN) as well.
Fund flows in SKYY
In the trailing-one-month period, net fund inflows for SKYY were $12.2 million, whereas in the trailing-12-month period, net fund inflows were $136.4 million. Fund inflows in the trailing-one-week period have been $13.7 million, and fund inflows in the trailing-three-month period were $28.5 million.
Since October 9, 2015, SKYY has been consistently trading above its moving averages, and net fund inflows to the ETF have been $12.2 million.
SKYY generated investor returns of 13.1% in the trailing-12-month period and 8.1% in the trailing-one-month period. In comparison, it generated 18.5% returns in the trailing-three-year period and 9.1% YTD (year-to-date).
On November 2, 2015, SKYY closed the trading day at $30.68. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 3% above its 100-day moving average of $29.66
- 5% above its 50-day moving average of $29.14
- 2% above its 20-day moving average of $30
Relative strength index
SKYY’s 14-day RSI (relative strength index) is 63.2, which shows that the ETF is slightly overbought.[1.Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure of below 30 suggests that a stock has been oversold.]