Global X Cloud Computing ETF (NASDAQ:CLOU – Get Free Report) shares dropped 0.5% during mid-day trading on Tuesday . The stock traded as low as $27.73 and last traded at $27.75. 354,129 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 297,365 shares. The stock had previously closed at $27.88.
Global X Cloud Computing ETF Trading Down 0.7%
The stock has a market capitalization of $266.55 million, a P/E ratio of 36.94 and a beta of 1.07. The stock’s 50 day simple moving average is $24.33 and its 200 day simple moving average is $21.87.
Hedge Funds Weigh In On Global X Cloud Computing ETF
Several large investors have recently modified their holdings of CLOU. Cetera Investment Advisers increased its holdings in Global X Cloud Computing ETF by 29.6% in the first quarter. Cetera Investment Advisers now owns 60,877 shares of the company’s stock valued at $1,187,000 after buying an additional 13,905 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Global X Cloud Computing ETF by 13.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,351 shares of the company’s stock worth $319,000 after buying an additional 1,967 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Global X Cloud Computing ETF by 12.4% during the 1st quarter. Sanctuary Advisors LLC now owns 30,295 shares of the company’s stock worth $591,000 after buying an additional 3,342 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Global X Cloud Computing ETF by 7.9% in the 4th quarter. IHT Wealth Management LLC now owns 13,721 shares of the company’s stock worth $310,000 after acquiring an additional 1,000 shares in the last quarter. Finally, EFG International AG acquired a new position in shares of Global X Cloud Computing ETF in the 4th quarter worth approximately $1,541,000.
About Global X Cloud Computing ETF
The Global X Cloud Computing ETF (CLOU) is an exchange-traded fund that is based on the Indxx Global Cloud Computing index. The fund provides exposure to a market-cap weighted global equity index of companies involved in the cloud computing industry. CLOU was launched on Apr 12, 2019 and is managed by Global X.
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