SKYY Sees $136.4 Million in Fund Inflows in Trailing 12 Months



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.

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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).

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Moving averages

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.]


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