Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Down 12.9% in December

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 146,200 shares, a decline of 12.9% from the December 15th total of 167,900 shares. Based on an average daily volume of 193,000 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Global X Cloud Computing ETF

A number of institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC raised its holdings in Global X Cloud Computing ETF by 13.5% during the third quarter. HighTower Advisors LLC now owns 12,582 shares of the company’s stock worth $257,000 after purchasing an additional 1,496 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Global X Cloud Computing ETF in the 4th quarter worth $334,000. Sanctuary Advisors LLC acquired a new stake in shares of Global X Cloud Computing ETF in the second quarter valued at $410,000. CWM LLC boosted its stake in Global X Cloud Computing ETF by 8.0% during the third quarter. CWM LLC now owns 39,910 shares of the company’s stock valued at $820,000 after buying an additional 2,971 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new position in Global X Cloud Computing ETF during the third quarter valued at about $954,000.

Global X Cloud Computing ETF Trading Down 0.0 %

CLOU stock traded down $0.01 during trading on Friday, hitting $24.29. The company had a trading volume of 76,556 shares, compared to its average volume of 166,832. The business has a 50 day moving average of $24.32 and a 200 day moving average of $21.58. The firm has a market capitalization of $353.91 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. Global X Cloud Computing ETF has a fifty-two week low of $17.79 and a fifty-two week high of $25.93.

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.