(SKYY) Cloud Computing - NASDAQ
ETF Category: Technology | Exchange: NASDAQ (USA) | Market Cap: 3.308m USD | Total Return: 13% in 12m
Avg Turnover: 41.6M
Warnings
Fakeout
Tailwinds
No distinct edge detected
The First Trust Cloud Computing ETF (SKYY) tracks the performance of companies globally engaged in the cloud computing industry. The fund mandates that at least 90% of its net assets be invested in the common stocks and depositary receipts included in its underlying index.
The cloud computing sector operates primarily through three service models: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). These businesses generate revenue by providing scalable, on-demand computing resources and remote data storage over the internet, often utilizing subscription-based or consumption-based billing cycles.
Investors can further analyze the fundamental health of these holdings on ValueRay. Given the capital-intensive nature of building data centers, the sector is characterized by high research and development spending and significant infrastructure investment.
- Enterprise cloud infrastructure spending growth accelerates among major technology holdings
- Fed interest rate pivots influence valuations of high-growth software constituents
- Global cybersecurity demand increases revenue for cloud-based platform providers
- Hyperscale data center capital expenditures drive hardware and service provider margins
- Regulatory scrutiny of big tech dominance impacts core index weightings
As of June 11, 2026, the stock is trading at USD 133.63 with a total of 308,566 shares traded.
Over the past week, the price has changed by -9.55%,
over one month by +4.27%,
over three months by +18.93% and
over the past year by +13.02%.
Cloud Computing has no consensus analysts rating.