Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Down 12.9% in December

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 146,200 shares, a decrease of 12.9% from the December 15th total of 167,900 shares. Based on an average daily 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, reaching $24.29. 76,556 shares of the stock traded hands, compared to its average volume of 166,832. The firm has a market capitalization of $353.91 million, a price-to-earnings 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 company’s 50 day moving average is $24.32 and its 200-day moving average is $21.60.

Institutional Trading of Global X Cloud Computing ETF

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