Global X Cloud Computing ETF (NASDAQ:CLOU) Stock Price Down 0.4% – What’s Next?

Global X Cloud Computing ETF (NASDAQ:CLOUGet Free Report)’s stock price traded down 0.4% during trading on Friday . The company traded as low as $23.77 and last traded at $24.14. Approximately 224,179 shares changed hands during trading, a decline of 12% from the average daily volume of 256,050 shares. The stock had previously closed at $24.23.

Global X Cloud Computing ETF Stock Down 0.4%

The company has a market cap of $234.16 million, a P/E ratio of 36.94 and a beta of 1.08. The firm’s 50 day moving average is $23.08 and its two-hundred day moving average is $21.23.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its stake in shares of Global X Cloud Computing ETF by 4.6% in the third quarter. UBS Group AG now owns 633,766 shares of the company’s stock valued at $14,741,000 after buying an additional 27,686 shares during the period. Bank of America Corp DE lifted its stake in shares of Global X Cloud Computing ETF by 2.5% in the second quarter. Bank of America Corp DE now owns 553,640 shares of the company’s stock worth $12,916,000 after acquiring an additional 13,309 shares during the period. EFG International AG bought a new stake in Global X Cloud Computing ETF in the fourth quarter valued at approximately $1,541,000. Cetera Investment Advisers boosted its holdings in Global X Cloud Computing ETF by 29.6% in the first quarter. Cetera Investment Advisers now owns 60,877 shares of the company’s stock valued at $1,187,000 after acquiring an additional 13,905 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Global X Cloud Computing ETF by 90.3% during the 2nd quarter. Osaic Holdings Inc. now owns 44,209 shares of the company’s stock valued at $1,030,000 after purchasing an additional 20,976 shares during the period.

Global X Cloud Computing ETF Company Profile

(Get Free Report)

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.

Further Reading

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