Global X Cloud Computing ETF (NASDAQ:CLOU) Sees Significant Increase in Short Interest

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 409,600 shares, an increase of 121.5% from the January 15th total of 184,900 shares. Based on an average daily volume of 212,900 shares, the days-to-cover ratio is presently 1.9 days.

Global X Cloud Computing ETF Trading Up 0.8 %

NASDAQ CLOU traded up $0.20 during mid-day trading on Thursday, hitting $25.83. The company’s stock had a trading volume of 188,199 shares, compared to its average volume of 221,474. The company’s 50 day simple moving average is $24.86 and its 200 day simple moving average is $22.29. Global X Cloud Computing ETF has a twelve month low of $17.79 and a twelve month high of $26.39. The firm has a market capitalization of $376.27 million, a price-to-earnings ratio of 46.16 and a beta of 0.98.

Institutional Trading of Global X Cloud Computing ETF

Several hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Global X Cloud Computing ETF during the 4th quarter worth $1,370,000. Envestnet Asset Management Inc. boosted its holdings in Global X Cloud Computing ETF by 70.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 27,129 shares of the company’s stock worth $650,000 after acquiring an additional 11,236 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Global X Cloud Computing ETF by 24.3% during the 4th quarter. Wells Fargo & Company MN now owns 115,590 shares of the company’s stock worth $2,770,000 after acquiring an additional 22,623 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Global X Cloud Computing ETF by 12.7% during the 4th quarter. JPMorgan Chase & Co. now owns 6,657 shares of the company’s stock worth $160,000 after acquiring an additional 749 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in Global X Cloud Computing ETF during the 4th quarter worth $48,000.

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.