Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Up 65.9% in March

Global X Cloud Computing ETF (NASDAQ:CLOU) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 389,900 shares, an increase of 65.9% from the February 28th total of 235,000 shares. Based on an average daily volume of 212,700 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.7% of the company’s shares are short sold.

Global X Cloud Computing ETF Price Performance

NASDAQ CLOU traded down $0.72 during trading on Friday, reaching $21.22. 106,769 shares of the company’s stock traded hands, compared to its average volume of 215,272. Global X Cloud Computing ETF has a 12-month low of $17.79 and a 12-month high of $26.39. The firm has a market cap of $309.18 million, a price-to-earnings ratio of 35.18 and a beta of 0.98. The company’s 50 day simple moving average is $23.97 and its two-hundred day simple moving average is $23.08.

Institutional Investors Weigh In On Global X Cloud Computing ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CLOU. Runnymede Capital Advisors Inc. acquired a new position in Global X Cloud Computing ETF during the 4th quarter valued at about $48,000. Sierra Ocean LLC acquired a new position in shares of Global X Cloud Computing ETF during the fourth quarter valued at about $92,000. Wood Tarver Financial Group LLC purchased a new position in shares of Global X Cloud Computing ETF in the 4th quarter valued at approximately $98,000. SBI Securities Co. Ltd. acquired a new stake in Global X Cloud Computing ETF in the 4th quarter worth approximately $141,000. Finally, JPMorgan Chase & Co. grew its position 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 purchasing an additional 749 shares during the last quarter.

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.