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Hedge funds boost investments in SKYY, a cloud computing ETF, while some investors pull back.
CreativeOne Wealth LLC and other hedge funds have recently increased their investments in the First Trust Cloud Computing ETF (SKYY), buying thousands of shares.
Meanwhile, some institutional investors, like D.A.
Davidson & CO., have reduced their stakes.
SKYY, launched in 2011, tracks the ISE Cloud Computing Index and has a market cap of $3.57 billion with a PE ratio of 33.21.
3 Articles
Los fondos de cobertura aumentan las inversiones en SKYY, una ETF de computación en nube, mientras que algunos inversores retroceden.