FYI: The First Trust Cloud Computing ETF (SKYY) raked in $1.1 billion in fresh net assets in the third week of June—a huge sum for an otherwise narrowly focused ETF, and one that landed it among that week’s biggest creations.
The fund, however, went on to face just over $1 billion in net outflows this past week—a complete unwind of the previous week’s trade, bringing year-to-date total creations to a modest net of $260 million.
Regards,
Ted
https://www.etf.com/sections/features-and-news/battle-cloud-computing-etfs?nopaging=1
