Global X Cloud Computing ETF (NASDAQ:CLOU – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 172,300 shares, a drop of 40.1% from the September 15th total of 287,800 shares. Based on an average daily volume of 205,000 shares, the days-to-cover ratio is currently 0.8 days.
Global X Cloud Computing ETF Trading Up 0.6 %
NASDAQ:CLOU traded up $0.12 during mid-day trading on Friday, hitting $21.01. 316,234 shares of the company’s stock were exchanged, compared to its average volume of 249,519. Global X Cloud Computing ETF has a fifty-two week low of $17.26 and a fifty-two week high of $23.67. The company has a 50 day simple moving average of $19.82 and a 200-day simple moving average of $20.01. The firm has a market capitalization of $358.64 million, a P/E ratio of 46.16 and a beta of 0.98.
Hedge Funds Weigh In On Global X Cloud Computing ETF
Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Global X Cloud Computing ETF during the 2nd quarter worth $53,000. Centaurus Financial Inc. acquired a new stake in Global X Cloud Computing ETF during the 4th quarter valued at approximately $173,000. Global Assets Advisory LLC bought a new position in Global X Cloud Computing ETF during the 1st quarter worth approximately $331,000. Sanctuary Advisors LLC acquired a new position in shares of Global X Cloud Computing ETF in the 2nd quarter worth approximately $410,000. Finally, Cetera Advisors LLC boosted its stake in shares of Global X Cloud Computing ETF by 61.0% in the 1st quarter. Cetera Advisors LLC now owns 21,239 shares of the company’s stock valued at $462,000 after purchasing an additional 8,043 shares during the last quarter.
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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