ETF Overview
First Trust Cloud Computing ETF (SKYY) owns a portfolio of cloud-services stocks in the United States. The fund seeks to track the ISE CTA Cloud Computing Index. Besides a long-term secular growth trend, these stocks should benefit in the near-term from the outbreak of COVID-19 as more and more people use cloud-related services from home. Stocks in SKYY's portfolio are trading at valuations below their historical averages. Therefore, we think investors may want to take this opportunity to add more shares.
Fund Analysis
SKYY's portfolio includes high quality