SKYY First Trust Cloud Computing ETF
What is SKYY?
SKYY tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%.
SKYY Factset Analytics Insight
SKYY was the first mover in the ETFs space to offer exposure to cloud computing stocks. Its index takes all stocks that fall into any one of 3 groups per its definitions: Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS). The index applies additional size, liquidity, and tradability screens. The index assigns scores of 3, 2 and 1, respectively, to these groups. A stock can receive more than one assignment. A stock’s weight in the index is its score divided by the sum of all scores which is then modified so that no single security exceeds 4.5% weight. Firm size (market cap) has no direct bearing in weighting. Prior to June 24, 2019 the fund tracked the ISE Cloud Computing Index which used a different methodology.
SKYY Summary Data
SKYY Portfolio Data
SKYY Index Data
SKYY Portfolio Management
SKYY Tax Exposures
SKYY Fund Structure
SKYY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SKYY. SKYY is rated a 5 out of 5.
SKYY Sector/Industry Breakdown
SKYY Top 10 Holdings[View All]
SKYY Economic Development
SKYY Performance Statistics
SKYY Benchmark Comparison Summary
SKYY Benchmark Comparison Market Cap Size