Global X Cloud Computing ETF (NASDAQ:CLOU – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 239,761 shares, an increase of 77.6% from the August 31st total of 134,992 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 299,854 shares, the short-interest ratio is currently 0.8 days.
Institutional Investors Weigh In On Global X Cloud Computing ETF
Several hedge funds have recently made changes to their positions in the business. Fortune Financial Group Inc. acquired a new position in Global X Cloud Computing ETF in the fourth quarter valued at $315,000. PNC Financial Services Group Inc. boosted its stake in Global X Cloud Computing ETF by 13.7% in 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. Insight Advisors LLC PA increased its stake in shares of Global X Cloud Computing ETF by 202.9% during the 4th quarter. Insight Advisors LLC PA now owns 22,019 shares of the company’s stock valued at $498,000 after acquiring an additional 43,427 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of 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 valued at $591,000 after acquiring an additional 3,342 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Global X Cloud Computing ETF by 16.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 52,513 shares of the company’s stock worth $1,194,000 after acquiring an additional 7,419 shares during the period.
Global X Cloud Computing ETF Trading Down 0.5%
Shares of Global X Cloud Computing ETF stock traded down $0.15 during mid-day trading on Tuesday, hitting $27.95. 126,462 shares of the stock were exchanged, compared to its average volume of 296,106. The stock has a market capitalization of $366.41 million, a price-to-earnings ratio of 36.94 and a beta of 1.08. Global X Cloud Computing ETF has a twelve month low of $17.52 and a twelve month high of $29.36. The company has a 50-day simple moving average of $27.19 and a 200 day simple moving average of $23.59.
Global X Cloud Computing ETF Company Profile
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.
Further Reading
- Five stocks we like better than Global X Cloud Computing ETF
- Tesla’s Semi Is Finally Here—But Will It Move the Stock?
- 5 Stocks Showing Why Pricing Power Matters More Than Government Money
- Rocket Lab Bounces Off Its Lows—What’s Behind the Move?
- NVIDIA Just Turned AI Safety Into a Spending Story and These 3 Stocks Benefit
Receive News & Ratings for Global X Cloud Computing ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X Cloud Computing ETF and related companies with MarketBeat.com's FREE daily email newsletter.
