WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Down 1.2% – What’s Next?

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLDGet Free Report) dropped 1.2% during mid-day trading on Tuesday . The company traded as low as $33.10 and last traded at $33.51. Approximately 161,104 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 174,698 shares. The stock had previously closed at $33.90.

WisdomTree Cloud Computing Fund Stock Down 1.2 %

The company has a fifty day moving average of $37.86 and a 200 day moving average of $36.22. The company has a market cap of $406.48 million, a P/E ratio of -15.68 and a beta of 1.09.

Institutional Trading of WisdomTree Cloud Computing Fund

Several large investors have recently added to or reduced their stakes in WCLD. Armis Advisers LLC purchased a new position in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth $544,000. GTS Securities LLC raised its holdings in WisdomTree Cloud Computing Fund by 33.6% in the 4th quarter. GTS Securities LLC now owns 9,164 shares of the company’s stock worth $344,000 after purchasing an additional 2,306 shares during the period. Two Sigma Investments LP bought a new position in WisdomTree Cloud Computing Fund in the 4th quarter worth $1,894,000. Schonfeld Strategic Advisors LLC purchased a new position in WisdomTree Cloud Computing Fund during the fourth quarter valued at $1,448,000. Finally, Pinebridge Investments L.P. grew its holdings in WisdomTree Cloud Computing Fund by 386.5% during the fourth quarter. Pinebridge Investments L.P. now owns 33,661 shares of the company’s stock valued at $1,263,000 after purchasing an additional 26,742 shares during the period.

About WisdomTree Cloud Computing Fund

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The WisdomTree Cloud Computing Fund (WCLD) is an exchange-traded fund that is based on the BVP Nasdaq Emerging Cloud index. The fund tracks and index of US companies primarily focused on cloud software and services. Stocks are equal weighted in the index. WCLD was launched on Sep 6, 2019 and is managed by WisdomTree.

Further Reading

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