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

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 247,000 shares, a growth of 42.3% from the October 15th total of 173,600 shares. Based on an average daily volume of 193,200 shares, the short-interest ratio is presently 1.3 days.

Global X Cloud Computing ETF Trading Down 1.7 %

Shares of CLOU traded down $0.39 during trading hours on Thursday, reaching $23.23. The stock had a trading volume of 286,057 shares, compared to its average volume of 243,878. The firm has a 50-day simple moving average of $20.74 and a 200 day simple moving average of $20.08. Global X Cloud Computing ETF has a 12 month low of $17.79 and a 12 month high of $23.90. The company has a market capitalization of $360.76 million, a price-to-earnings ratio of 46.16 and a beta of 0.98.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Global X Cloud Computing ETF by 61.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,512 shares of the company’s stock worth $4,050,000 after purchasing an additional 74,631 shares in the last quarter. CWM LLC grew its holdings in Global X Cloud Computing ETF by 8.0% during the third quarter. CWM LLC now owns 39,910 shares of the company’s stock worth $820,000 after buying an additional 2,971 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Global X Cloud Computing ETF in the 3rd quarter valued at $954,000. Sanctuary Advisors LLC bought a new position in Global X Cloud Computing ETF during the 2nd quarter valued at $410,000. Finally, Cetera Investment Advisers boosted its holdings in Global X Cloud Computing ETF by 8.1% during the 2nd quarter. Cetera Investment Advisers now owns 95,108 shares of the company’s stock worth $1,870,000 after acquiring an additional 7,129 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.