The First Trust Cloud Computing ETF (SKYY) experienced a significant outflow of approximately $478.7 million, marking a 14.0% decrease in shares outstanding, from 28,600,002 to 24,600,002 this week. This shift highlights investor sentiment in the ETF market.
As of the latest trading day, SKYY’s price stands at $120.69, having a 52-week range low of $85.38 and a high of $131.54. The ETF’s performance can also be analyzed in relation to its 200-day moving average, which provides additional insights into trends.
Notable underlying components of SKYY include PURE Storage Inc (PSTG), up 0.5%; Nutanix Inc (NTNX), up 1.4%; and MongoDB Inc (MDB), up 4.7%.
