First Trust Cloud Computing ETF

Price: $91.87
Change: $0.86 (-0.01%)
Last Updated:


Issuer First Trust
Brand First Trust
Structure ETF
Expense Ratio 0.60%
ETF Home Page Home page
Inception Jul 05, 2011

Analyst Report

SKYY is the first ETF to offer exposure to the cloud computing industry, a narrow segment of the technology sector that involves a fast-growing application. SKYY is one of the most targeted sector funds on the market, making it a tool for fine tuning portfolio exposure. This ETF can be useful for making short-term tactical plays, but could also have appeal as a minor complementary holding in a longer-term buy-and-hold portfolio. Some investors might consider a small position in SKYY as a means of adding opportunity for alpha to a portfolio that otherwise consists of broad based “plain vanilla” funds.

The index methodology used by SKYY is worth reviewing and understanding before investing. In addition to smaller pure play cloud computing companies, this ETF makes allocations to larger firms that are involved in the cloud computing space but derive the majority of their revenues from other operations. This feature may diminish the relationship between the growth of the cloud computing space and the performance of the cloud computing ETF. Creating an investment product that successfully taps into a broader theme or industry can be challenging when there is a limited number of public companies that maintain focused operations on the niche in question. SKYY is an innovative and creative product, but investors should be aware of the nature of the underlying assets and the limitations that the index methodology may encounter.

Investors seeking leveraged exposure to cloud computing stocks have LSKY as an option; that ETN offers 2x monthly leveraged exposure to the same underlying index.

ETF Database Themes

Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Growth
Sector (General) Technology
Sector (Specific) Cloud Computing
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. Software & Services
Category Sector
Focus Information Technology
Niche Software & Services
Strategy Equal
Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $70.42
  • 52 Week Hi $97.78
  • AUM $2,922.3 M
  • Shares 31.5 M

Historical Trading Data

  • 1 Month Avg. Volume 116,374
  • 3 Month Avg. Volume 124,143

Alternative ETFs in the ETF Database Technology Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FTEC 0.08% $10.6 B 228,402 19.74%
Largest (AUM) VGT 0.10% $73.2 B 404,868 19.53%
Most Liquid (Volume) SMH 0.35% $23.0 B 7 M 52.80%
Top YTD Performer SMH 0.35% $23.0 B 7 M 52.80%

Alternative ETFs in the FactSet Equity: U.S. Software & Services Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest XSW 0.35% $363.4 M 10,388 -3.17%
Largest (AUM) WCLD 0.45% $488.2 M 167,169 -13.62%
Most Liquid (Volume) WCLD 0.45% $488.2 M 167,169 -13.62%
Top YTD Performer XSW 0.35% $363.4 M 10,388 -3.17%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

SKYY ETF Database Category Average FactSet Segment Average
Number of Holdings 66 63 90
% of Assets in Top 10 39.99% 50.04% 23.72%
% of Assets in Top 15 52.43% 63.31% 32.35%
% of Assets in Top 50 92.74% 94.29% 73.21%

Size Comparison

SKYY ETF Database Category Average FactSet Segment Average
Large (>12.9B) 69.48% 61.69% 42.43%
Mid (>2.7B) 26.17% 19.39% 41.20%
Small (>600M) 3.91% 10.15% 15.08%
Micro (<600M) 0.40% 3.32% 1.21%

SKYY Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

SKYY Dividend

This section compares the dividend yield of this ETF to its peers.

SKYY ETF Database Category Average FactSet Segment Average
Dividend $ 0.01 $ 0.20 $ 0.02
Dividend Date 2022-09-23 N/A N/A
Annual Dividend Rate N/A $ 0.48 $ 0.05
Annual Dividend Yield N/A 1.39% 0.03%

SKYY Price and Volume Charts

View charts featuring SKYY price and volume data.

SKYY Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -13.7 M 1 Month Net Flows: -55.7 M 3 Month Net Flows: -144.41 M 6 Month Net Flows: -150.9 M 1 Year Net Flows: -536.43 M 3 Year Net Flows: -2.08 B 5 Year Net Flows: -740.51 M 10 Year Net Flows: 403.86 M

SKYY Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.