WisdomTree Cloud Computing Fund (NASDAQ:WCLD – Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 597,000 shares, a growth of 22.5% from the February 28th total of 487,300 shares. Based on an average daily trading volume, of 209,200 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.9% of the company’s stock are sold short.
WisdomTree Cloud Computing Fund Trading Up 1.3 %
Shares of WisdomTree Cloud Computing Fund stock opened at $32.86 on Wednesday. The company has a market cap of $401.88 million, a P/E ratio of -15.68 and a beta of 1.22. WisdomTree Cloud Computing Fund has a 1 year low of $27.78 and a 1 year high of $41.87. The stock has a 50-day moving average price of $37.12 and a 200 day moving average price of $36.45.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Curi RMB Capital LLC acquired a new stake in WisdomTree Cloud Computing Fund during the fourth quarter valued at $14,044,000. Stonebridge Financial Group LLC acquired a new stake in shares of WisdomTree Cloud Computing Fund in the 4th quarter valued at $12,270,000. Raymond James Financial Inc. acquired a new position in WisdomTree Cloud Computing Fund during the fourth quarter worth $5,663,000. StoneCrest Wealth Management Inc. lifted its position in shares of WisdomTree Cloud Computing Fund by 139.2% in the fourth quarter. StoneCrest Wealth Management Inc. now owns 93,139 shares of the company’s stock worth $3,495,000 after buying an additional 54,198 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of WisdomTree Cloud Computing Fund during the 4th quarter valued at about $1,894,000.
About WisdomTree Cloud Computing Fund
The WisdomTree Cloud Computing Fund (WCLD) is an exchange-traded fund that is based on the BVP Nasdaq Emerging Cloud index. The fund tracks and index of US companies primarily focused on cloud software and services. Stocks are equal weighted in the index. WCLD was launched on Sep 6, 2019 and is managed by WisdomTree.
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