SKYY

First Trust Cloud Computing ETF

$131.95

+0.00%

Market closed. Last update: 4:19 AM ET

📎 Investment Objective

The First Trust Cloud Computing ETF (SKYY) seeks to track the performance of the ISE Cloud Computing Index, which is designed to measure the performance of companies involved in the cloud computing industry.

Overview

ETF tracking First Trust Cloud Computing ETF

Category Technology

Issuer First Trust

Inception Date 2011-07-06

Market Cap $3.1B

Average Volume N/A

Dividend Yield N/A

52-Week Range $89.46 - $143.46

VWAP $132.14

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of companies that are engaged in the cloud computing industry, including those involved in infrastructure, platform, and software-as-a-service (SaaS) cloud computing technologies.

✨ Key Features

Provides exposure to a diversified portfolio of cloud computing companies
Tracks the ISE Cloud Computing Index, which is designed to measure the performance of the cloud computing industry
Relatively low expense ratio of 0.60%
Launched in 2011, making it one of the first cloud computing-focused ETFs

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific industry sector
Volatility risk as the cloud computing industry can be subject to rapid changes and market fluctuations
Liquidity risk as some of the underlying holdings may have limited trading volume
Regulatory risk as changes in government policies or regulations could impact the cloud computing industry

👤 Best For

This ETF may be suitable for investors seeking exposure to the growing cloud computing industry as part of a diversified technology or growth-oriented portfolio. Investors should be comfortable with the higher volatility and risks associated with a sector-specific fund.