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

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

Global X Cloud Computing ETF Price Performance

NASDAQ:CLOU traded down $0.41 during trading hours on Monday, reaching $20.81. The company’s stock had a trading volume of 165,642 shares, compared to its average volume of 215,094. The company has a market cap of $303.19 million, a price-to-earnings ratio of 35.18 and a beta of 0.98. Global X Cloud Computing ETF has a one year low of $17.79 and a one year high of $26.39. The business’s 50-day moving average is $23.97 and its 200-day moving average is $23.13.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLOU. Runnymede Capital Advisors Inc. acquired a new stake in shares of Global X Cloud Computing ETF in the fourth quarter worth $48,000. Sierra Ocean LLC acquired a new position in Global X Cloud Computing ETF during the 4th quarter worth $92,000. Wood Tarver Financial Group LLC acquired a new position in Global X Cloud Computing ETF during the 4th quarter worth $98,000. SBI Securities Co. Ltd. acquired a new stake in shares of Global X Cloud Computing ETF in the fourth quarter valued at about $141,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Global X Cloud Computing ETF by 12.7% in the fourth 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 period.

Global X Cloud Computing ETF Company Profile

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.