Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Update

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 311,200 shares, a decline of 20.2% from the March 15th total of 389,900 shares. Based on an average daily volume of 240,900 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.1% of the company’s stock are short sold.

Global X Cloud Computing ETF Trading Down 3.3 %

CLOU stock traded down $0.64 during midday trading on Monday, hitting $18.95. The company’s stock had a trading volume of 75,993 shares, compared to its average volume of 208,656. The company has a market cap of $288.42 million, a PE ratio of 29.78 and a beta of 0.98. The firm’s 50-day moving average is $22.04 and its 200-day moving average is $23.07. Global X Cloud Computing ETF has a 12 month low of $17.73 and a 12 month high of $26.39.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Global X Cloud Computing ETF by 12.7% in the fourth 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 period. HighTower Advisors LLC increased its holdings in Global X Cloud Computing ETF by 13.5% during the third quarter. HighTower Advisors LLC now owns 12,582 shares of the company’s stock valued at $257,000 after buying an additional 1,496 shares during the last quarter. Sanctuary Advisors LLC raised its position in Global X Cloud Computing ETF by 10.2% in the fourth quarter. Sanctuary Advisors LLC now owns 20,900 shares of the company’s stock worth $538,000 after acquiring an additional 1,928 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Global X Cloud Computing ETF by 14.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the company’s stock worth $332,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Global X Cloud Computing ETF during the 4th quarter valued at $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.