CLOU fell because the clouds were seen to be overvalued, thus the applications they host were seen to be overvalued.
What is Clou ETF?
The Global X Cloud Computing ETF (CLOU) seeks to invest in companies positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS),
What companies make up the Clou ETF?
Company Symbol Total Net Assets
------------------------- ------ ----------------
Akamai Technologies Inc. AKAM 5.07%
Zscaler Inc. ZS 4.60%
Digital Realty Trust Inc. DLR 4.57%
Workday Inc. Cl A WDAY 4.46%
Is Clou ETF actively managed?
Launched on 05/27/2011, the First Trust Cloud Computing ETF (SKYY) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Cloud Computing segment of the equity market.
Is Clou ETF a good buy?
Symbol Last Price % Chg
-------- ----------- -------------
CLOUPost 22.36 22.22 -3.95% -0.63%
Why are cloud stocks falling?
Cloud stocks are off to a brutal start to 2022 as investors sour on pandemic's top performers. Some of the fastest-growing technology companies have plummeted in value in recent weeks with the Federal Reserve signaling rate hikes are on the way.Jan 7, 2022