Cloud Computing ETFs Are Coming Soon

First Trust, a money management firm, is planning to launch on July 6 an ETF (Exchange Traded Fund) focused on cloud computing.

According to information posted on the company’s website, the ETF called “The First Trust ISE Cloud Computing Index Fund” will be listed on the Nasdaq under the symbol “SKYY” and will be based on the ISE Cloud Computing Index.

The company filed with the Securities and Exchange Commission on April 20 where it stated the ETF will not include only cloud computing stocks and that it will list companies based in the U.S. and India actively involved in the cloud computing industry.

According the fund’s fact sheet on First Trust’s website, the ETF’s top three holdings are Netflix Inc. (4.5%), RightNow Technologies Inc. (4.2%) and Open Text Corp. (4.1%).

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