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Upturn AI SWOT - About
First Trust Cloud Computing ETF (SKYY)
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Upturn Advisory Summary
03/06/2025: SKYY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 2.21% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/06/2025 |
Key Highlights
Volume (30-day avg) 267357 | Beta 1.14 | 52 Weeks Range 83.45 - 131.54 | Updated Date 04/2/2025 |
52 Weeks Range 83.45 - 131.54 | Updated Date 04/2/2025 |
Upturn AI SWOT
First Trust Cloud Computing ETF
ETF Overview
Overview
The First Trust Cloud Computing ETF (SKYY) provides exposure to companies involved in cloud computing. It aims to track the performance of the ISE CTA Cloud Computing Index, investing in firms that deliver computing as a service. The ETF focuses on asset allocation in cloud-related technologies and services.
Reputation and Reliability
First Trust is a well-established ETF provider known for its innovative thematic ETFs. They have a solid track record in the ETF market.
Management Expertise
First Trust has a dedicated team with expertise in managing and tracking various sector-specific and thematic ETFs.
Investment Objective
Goal
The primary investment goal is to seek investment results that correspond generally to the price and yield of the ISE CTA Cloud Computing Index.
Investment Approach and Strategy
Strategy: The ETF aims to track a specific index, the ISE CTA Cloud Computing Index, which focuses on companies involved in cloud computing.
Composition The ETF primarily holds stocks of companies involved in cloud computing, including those providing infrastructure, platforms, and software as a service.
Market Position
Market Share: First Trust Cloud Computing ETF holds a significant, but not dominating, market share within the cloud computing ETF sector.
Total Net Assets (AUM): 3330000000
Competitors
Key Competitors
- Global X Cloud Computing ETF (CLOU)
- WisdomTree Cloud Computing Fund (WCLD)
Competitive Landscape
The cloud computing ETF market is competitive, with several ETFs vying for investor capital. SKYY offers broad exposure to the cloud computing sector. CLOU's expense ratio is slightly higher. WCLD's portfolio focuses on high-growth, emerging cloud companies.
Financial Performance
Historical Performance: Historical performance data should be gathered from financial data providers to understand the ETF's track record over different time periods.
Benchmark Comparison: Benchmark comparisons with the ISE CTA Cloud Computing Index are essential to gauge the ETF's tracking effectiveness. Detailed data from financial sources are required.
Expense Ratio: 0.6
Liquidity
Average Trading Volume
The average trading volume for SKYY is moderate, indicating sufficient liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is generally tight, making it cost-effective to trade.
Market Dynamics
Market Environment Factors
Economic indicators (GDP growth, inflation), sector growth prospects (cloud adoption rates), and current market conditions (interest rates, investor sentiment) all significantly impact SKYY.
Growth Trajectory
Growth trends include the increasing adoption of cloud services, expansion into new markets, and potential changes in the ETF's holdings to reflect evolving cloud technologies.
Moat and Competitive Advantages
Competitive Edge
SKYY's competitive advantage lies in its well-established presence and recognition in the cloud computing ETF space. The ETF benefits from First Trust's reputation as a reliable ETF provider. Its strategy is designed to reflect the performance of the ISE CTA Cloud Computing Index and provide broad exposure to the sector. SKYYu2019s long-term performance and a wide range of holdings contribute to its competitive strength.
Risk Analysis
Volatility
SKYY's historical volatility is moderate to high, reflecting the growth-oriented nature of the cloud computing sector.
Market Risk
Specific risks associated with SKYY's underlying assets include sector concentration risk (reliance on cloud computing), technological obsolescence risk (rapid changes in technology), and competition among cloud providers.
Investor Profile
Ideal Investor Profile
The ideal investor for SKYY is someone seeking exposure to the high-growth potential of the cloud computing sector. Investors should have a moderate to high-risk tolerance and a long-term investment horizon.
Market Risk
SKYY is more suitable for long-term investors who are comfortable with the volatility associated with the technology sector and willing to invest in a concentrated segment of the market.
Summary
First Trust Cloud Computing ETF (SKYY) offers exposure to the rapidly growing cloud computing industry. It tracks the ISE CTA Cloud Computing Index, investing in a diversified portfolio of cloud-related companies. While having a moderate-to-high risk and volatility, this ETF targets long-term investors looking to capitalize on the growth potential in cloud technologies. Its competitive positioning depends on its expense ratio, diversification and the overall performance of the cloud sector.
Similar Companies
- CLOU
- WCLD
- YYY
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market conditions and ETF performance can change. Please consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Cloud Computing ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.
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