Short Interest in First Trust Cloud Computing ETF (NASDAQ:SKYY) Expands By 199.5%

Posted by ABMN Staff on Jun 12th, 2026

First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 239,535 shares, a growth of 199.5% from the May 14th total of 79,965 shares. Based on an average trading volume of 351,966 shares, the short-interest ratio is presently 0.7 days. Approximately 1.2% of the company’s shares are short sold.

First Trust Cloud Computing ETF Price Performance

Shares of NASDAQ SKYY opened at $133.78 on Friday. First Trust Cloud Computing ETF has a 1-year low of $103.76 and a 1-year high of $155.76. The business has a 50-day moving average of $125.84 and a 200-day moving average of $122.75. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of First Trust Cloud Computing ETF by 97.0% in the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after buying an additional 97 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of First Trust Cloud Computing ETF during the fourth quarter worth $30,000. Franklin Resources Inc. acquired a new position in shares of First Trust Cloud Computing ETF during the fourth quarter worth $33,000. Capital Advisors Ltd. LLC acquired a new position in shares of First Trust Cloud Computing ETF during the first quarter worth $35,000. Finally, Russell Investments Group Ltd. lifted its position in shares of First Trust Cloud Computing ETF by 177.9% during the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after purchasing an additional 185 shares in the last quarter.

First Trust Cloud Computing ETF Company Profile

(Get Free Report)

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.