Short Interest in Global X Cloud Computing ETF (NASDAQ:CLOU) Decreases By 49.0%

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 206,497 shares, a decline of 49.0% from the June 30th total of 404,706 shares. Based on an average daily volume of 317,281 shares, the short-interest ratio is presently 0.7 days. Approximately 2.1% of the shares of the stock are short sold.

Global X Cloud Computing ETF Stock Up 3.2%

Shares of NASDAQ:CLOU traded up $0.77 during midday trading on Wednesday, hitting $25.07. 117,934 shares of the stock traded hands, compared to its average volume of 256,177. The business’s 50 day moving average is $23.27 and its two-hundred day moving average is $21.27. The stock has a market capitalization of $238.67 million, a PE ratio of 36.94 and a beta of 1.08. Global X Cloud Computing ETF has a one year low of $17.52 and a one year high of $26.44.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its position in shares of Global X Cloud Computing ETF by 6.1% during the first quarter. Integrated Wealth Concepts LLC now owns 20,630 shares of the company’s stock valued at $433,000 after purchasing an additional 1,190 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Global X Cloud Computing ETF during the 2nd quarter valued at $245,000. Qube Research & Technologies Ltd boosted its holdings in Global X Cloud Computing ETF by 66.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 35,482 shares of the company’s stock worth $828,000 after buying an additional 14,119 shares during the period. Sei Investments Co. bought a new stake in Global X Cloud Computing ETF during the 2nd quarter valued at $209,000. Finally, Jane Street Group LLC bought a new position in shares of Global X Cloud Computing ETF in the second quarter worth $736,000.

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.