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flag Hedge funds boost investments in SKYY, a cloud computing ETF, while some investors pull back.

flag CreativeOne Wealth LLC and other hedge funds have recently increased their investments in the First Trust Cloud Computing ETF (SKYY), buying thousands of shares. flag Meanwhile, some institutional investors, like D.A. flag Davidson & CO., have reduced their stakes. flag 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.

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