Global X Cloud Computing ETF (NASDAQ:CLOU) Sees Large Increase in Short Interest

Global X Cloud Computing ETF (NASDAQ:CLOU) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 167,900 shares, an increase of 5.1% from the November 30th total of 159,700 shares. Based on an average daily volume of 192,500 shares, the days-to-cover ratio is currently 0.9 days.

Global X Cloud Computing ETF Stock Down 0.1 %

CLOU stock opened at $23.94 on Friday. The company has a market cap of $371.79 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. The business has a fifty day simple moving average of $23.75 and a 200-day simple moving average of $21.20. Global X Cloud Computing ETF has a 52 week low of $17.79 and a 52 week high of $25.93.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLOU. International Assets Investment Management LLC acquired a new stake in Global X Cloud Computing ETF during the 2nd quarter worth approximately $53,000. HighTower Advisors LLC raised its stake in shares of Global X Cloud Computing ETF by 13.5% in the 3rd quarter. HighTower Advisors LLC now owns 12,582 shares of the company’s stock valued at $257,000 after acquiring an additional 1,496 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Global X Cloud Computing ETF during the 2nd quarter valued at $410,000. CWM LLC boosted its position in Global X Cloud Computing ETF by 8.0% during the 3rd quarter. CWM LLC now owns 39,910 shares of the company’s stock worth $820,000 after purchasing an additional 2,971 shares during the period. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Global X Cloud Computing ETF in the 3rd quarter valued at $954,000.

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.