Global X Cloud Computing ETF (NASDAQ:CLOU) Shares Shorted: Short Interest Up 77.6% in September

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 239,761 shares, an increase of 77.6% from the August 31st total of 134,992 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average trading volume of 299,854 shares, the short-interest ratio is currently 0.8 days.

Global X Cloud Computing ETF Stock Performance

NASDAQ:CLOU traded down $0.15 during mid-day trading on Tuesday, hitting $27.95. 126,462 shares of the company’s stock traded hands, compared to its average volume of 296,106. The firm’s 50 day simple moving average is $27.19 and its 200 day simple moving average is $23.59. Global X Cloud Computing ETF has a 1 year low of $17.52 and a 1 year high of $29.36. The company has a market cap of $366.41 million, a PE ratio of 36.94 and a beta of 1.08.

Institutional Trading of Global X Cloud Computing ETF

Several large investors have recently modified their holdings of the business. Fortune Financial Group Inc. acquired a new position in shares of Global X Cloud Computing ETF during the 4th quarter worth approximately $315,000. PNC Financial Services Group Inc. increased its position in Global X Cloud Computing ETF by 13.7% during the first quarter. PNC Financial Services Group Inc. now owns 16,351 shares of the company’s stock worth $319,000 after buying an additional 1,967 shares in the last quarter. Insight Advisors LLC PA raised its holdings in shares of Global X Cloud Computing ETF by 202.9% in the fourth quarter. Insight Advisors LLC PA now owns 22,019 shares of the company’s stock worth $498,000 after acquiring an additional 43,427 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Global X Cloud Computing ETF by 12.4% in the first quarter. Sanctuary Advisors LLC now owns 30,295 shares of the company’s stock worth $591,000 after acquiring an additional 3,342 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of 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 in the last quarter.

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.