Global X Cloud Computing ETF (NASDAQ:CLOU – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 720,414 shares, a growth of 299.6% from the July 30th total of 180,263 shares. Approximately 7.5% of the company’s shares are short sold. Based on an average daily trading volume, of 831,816 shares, the days-to-cover ratio is presently 0.9 days.
Global X Cloud Computing ETF Trading Down 0.3%
CLOU stock opened at $28.84 on Friday. The business’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $22.26. The firm has a market cap of $278.02 million, a PE ratio of 36.94 and a beta of 1.07. Global X Cloud Computing ETF has a 1-year low of $17.52 and a 1-year high of $29.29.
Institutional Investors Weigh In On Global X Cloud Computing ETF
A number of hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Global X Cloud Computing ETF during the 4th quarter valued at about $32,000. International Assets Investment Management LLC bought a new stake in Global X Cloud Computing ETF during the 4th quarter worth approximately $54,000. Advisory Services Network LLC acquired a new stake in Global X Cloud Computing ETF during the 3rd quarter worth approximately $65,000. Triumph Capital Management acquired a new stake in Global X Cloud Computing ETF during the 3rd quarter worth approximately $74,000. Finally, Sei Investments Co. bought a new position in Global X Cloud Computing ETF in the second quarter valued at approximately $209,000.
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.
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