Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Up 121.5% in January

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 409,600 shares, an increase of 121.5% from the January 15th total of 184,900 shares. Based on an average daily volume of 212,900 shares, the days-to-cover ratio is presently 1.9 days.

Global X Cloud Computing ETF Stock Up 0.8 %

Global X Cloud Computing ETF stock traded up $0.20 during mid-day trading on Thursday, hitting $25.83. 188,199 shares of the stock were exchanged, compared to its average volume of 221,474. Global X Cloud Computing ETF has a 12 month low of $17.79 and a 12 month high of $26.39. The firm’s fifty day simple moving average is $24.86 and its two-hundred day simple moving average is $22.29. The stock has a market capitalization of $376.27 million, a price-to-earnings ratio of 46.16 and a beta of 0.98.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. 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 shares of Global X Cloud Computing ETF by 8.0% during the 3rd quarter. CWM LLC now owns 39,910 shares of the company’s stock worth $820,000 after buying an additional 2,971 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 buying an additional 74,631 shares during the period. 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. Finally, Jane Street Group LLC grew its position in shares of Global X Cloud Computing ETF by 262.1% during the 3rd quarter. Jane Street Group LLC now owns 99,402 shares of the company’s stock worth $2,043,000 after buying an additional 71,953 shares during the period.

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.