Global X Cloud Computing ETF (NASDAQ:CLOU – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 134,992 shares, a decline of 81.3% from the August 15th total of 720,414 shares. Based on an average daily trading volume, of 319,722 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.4% of the company’s stock are sold short.
Hedge Funds Weigh In On Global X Cloud Computing ETF
Several hedge funds have recently modified their holdings of CLOU. Cetera Investment Advisers raised its position in shares of Global X Cloud Computing ETF by 29.6% in the 1st quarter. Cetera Investment Advisers now owns 60,877 shares of the company’s stock valued at $1,187,000 after purchasing an additional 13,905 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $319,000 after acquiring an additional 1,967 shares during the period. Sanctuary Advisors LLC increased its position in shares of Global X Cloud Computing ETF by 12.4% in 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 period. IHT Wealth Management LLC raised its stake in 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 during the last quarter. Finally, EFG International AG purchased a new position in Global X Cloud Computing ETF in the 4th quarter worth $1,541,000.
Global X Cloud Computing ETF Stock Performance
NASDAQ:CLOU traded down $0.01 during mid-day trading on Friday, hitting $27.16. 63,716 shares of the company’s stock traded hands, compared to its average volume of 298,902. The company has a fifty day moving average of $26.13 and a 200 day moving average of $22.82. Global X Cloud Computing ETF has a twelve month low of $17.52 and a twelve month high of $29.29. The company has a market capitalization of $261.83 million, a P/E ratio of 36.94 and a beta of 1.08.
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.
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