First Trust Cloud Computing ETF (NASDAQ:SKYY) Sees Large Drop in Short Interest

Posted by Paula Ricardo on Jul 3rd, 2026

First Trust Cloud Computing ETF (NASDAQ:SKYY – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 155,585 shares, a drop of 35.0% from the May 31st total of 239,535 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 460,732 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust Cloud Computing ETF

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in First Trust Cloud Computing ETF by 97.0% in the 3rd quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after acquiring an additional 97 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in First Trust Cloud Computing ETF during the 4th quarter valued at about $30,000. Franklin Resources Inc. purchased a new stake in First Trust Cloud Computing ETF during the 4th quarter valued at about $33,000. Capital Advisors Ltd. LLC acquired a new position in shares of First Trust Cloud Computing ETF in the first quarter valued at about $35,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of First Trust Cloud Computing ETF by 177.9% in the fourth quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock valued at $38,000 after purchasing an additional 185 shares during the period.

First Trust Cloud Computing ETF Trading Down 1.1%

Shares of First Trust Cloud Computing ETF stock opened at $134.86 on Friday. First Trust Cloud Computing ETF has a 12-month low of $103.76 and a 12-month high of $155.76. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. The firm’s 50 day simple moving average is $131.81 and its two-hundred day simple moving average is $122.90.

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.