Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Update

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 134,992 shares, a drop of 81.3% from the August 15th total of 720,414 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 319,722 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Global X Cloud Computing ETF in the 4th quarter valued at about $32,000. International Assets Investment Management LLC bought a new position in shares of Global X Cloud Computing ETF during the 4th quarter worth approximately $54,000. Advisory Services Network LLC purchased a new stake in Global X Cloud Computing ETF during the third quarter valued at approximately $65,000. Triumph Capital Management purchased a new stake in Global X Cloud Computing ETF during the third quarter valued at approximately $74,000. Finally, Sei Investments Co. acquired a new stake in Global X Cloud Computing ETF in the second quarter valued at approximately $209,000.

Global X Cloud Computing ETF Trading Down 0.0%

Shares of CLOU traded down $0.01 during trading hours on Friday, hitting $27.16. The company had a trading volume of 63,716 shares, compared to its average volume of 298,902. The company has a market capitalization of $261.83 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 $29.29. The company’s fifty day moving average price is $26.13 and its two-hundred day moving average price is $22.82.

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.