Global X Cloud Computing ETF (NASDAQ:CLOU) Sees Large Decline in Short Interest

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 146,200 shares, a decline of 12.9% from the December 15th total of 167,900 shares. Based on an average daily trading volume, of 193,000 shares, the days-to-cover ratio is presently 0.8 days.

Global X Cloud Computing ETF Trading Down 0.0 %

NASDAQ CLOU traded down $0.01 on Friday, hitting $24.29. 76,556 shares of the company were exchanged, compared to its average volume of 166,832. The company has a market cap of $353.91 million, a P/E ratio of 46.16 and a beta of 0.98. Global X Cloud Computing ETF has a 1-year low of $17.79 and a 1-year high of $25.93. The firm has a 50 day moving average of $24.32 and a two-hundred day moving average of $21.58.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC raised its position in Global X Cloud Computing ETF by 13.5% in the 3rd quarter. HighTower Advisors LLC now owns 12,582 shares of the company’s stock worth $257,000 after purchasing an additional 1,496 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Global X Cloud Computing ETF in the 4th quarter valued at $334,000. Sanctuary Advisors LLC bought a new stake in shares of Global X Cloud Computing ETF during the second quarter worth $410,000. CWM LLC lifted its stake in shares of Global X Cloud Computing ETF by 8.0% during the third quarter. CWM LLC now owns 39,910 shares of the company’s stock valued at $820,000 after acquiring an additional 2,971 shares during the period. Finally, Dynamic Advisor Solutions LLC bought a new position in Global X Cloud Computing ETF in the third quarter valued at about $954,000.

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.