First Trust Cloud Computing ETF (NASDAQ:SKYY) Sees Unusually-High Trading Volume

First Trust Cloud Computing ETF (NASDAQ:SKYY) shares saw an uptick in trading volume on Friday . 206,241 shares traded hands during trading, an increase of 34% from the previous session’s volume of 153,740 shares.The stock last traded at $101.50 and had previously closed at $101.37.

First Trust Cloud Computing ETF Price Performance

The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The business’s 50-day moving average price is $95.07 and its two-hundred day moving average price is $94.32.

Institutional Trading of First Trust Cloud Computing ETF

A number of hedge funds have recently made changes to their positions in SKYY. MJP Associates Inc. ADV boosted its holdings in First Trust Cloud Computing ETF by 4.0% in the first quarter. MJP Associates Inc. ADV now owns 2,703 shares of the company’s stock worth $258,000 after purchasing an additional 105 shares during the period. Summit Financial LLC boosted its holdings in First Trust Cloud Computing ETF by 2.1% in the first quarter. Summit Financial LLC now owns 5,580 shares of the company’s stock worth $533,000 after purchasing an additional 114 shares during the period. EP Wealth Advisors LLC boosted its holdings in First Trust Cloud Computing ETF by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 2,452 shares of the company’s stock worth $234,000 after purchasing an additional 118 shares during the period. International Assets Investment Management LLC boosted its holdings in First Trust Cloud Computing ETF by 3.4% in the first quarter. International Assets Investment Management LLC now owns 3,677 shares of the company’s stock worth $351,000 after purchasing an additional 120 shares during the period. Finally, Emerald Advisors LLC boosted its holdings in First Trust Cloud Computing ETF by 1.6% in the second quarter. Emerald Advisors LLC now owns 7,986 shares of the company’s stock worth $763,000 after purchasing an additional 122 shares during the period.

First Trust Cloud Computing ETF Company Profile

The First Trust Cloud Computing ETF (SKYY) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%. SKYY was launched on Jul 5, 2011 and is managed by First Trust.