Short Interest in WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Declines By 13.7%

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 466,800 shares, a decrease of 13.7% from the November 30th total of 540,900 shares. Based on an average daily volume of 122,000 shares, the days-to-cover ratio is presently 3.8 days.

WisdomTree Cloud Computing Fund Stock Down 2.1 %

Shares of WCLD stock opened at $38.26 on Monday. The company has a market capitalization of $467.92 million, a P/E ratio of -15.68 and a beta of 1.09. WisdomTree Cloud Computing Fund has a 12-month low of $27.78 and a 12-month high of $41.87. The firm has a 50-day moving average price of $37.53 and a 200 day moving average price of $33.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in WisdomTree Cloud Computing Fund by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,547 shares of the company’s stock valued at $112,000 after purchasing an additional 587 shares during the last quarter. EPIQ Capital Group LLC lifted its position in WisdomTree Cloud Computing Fund by 0.9% during the 2nd quarter. EPIQ Capital Group LLC now owns 65,005 shares of the company’s stock worth $2,054,000 after buying an additional 609 shares in the last quarter. Farther Finance Advisors LLC increased its position in WisdomTree Cloud Computing Fund by 12.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,121 shares of the company’s stock valued at $257,000 after acquiring an additional 903 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of WisdomTree Cloud Computing Fund by 4.3% in the third quarter. Franklin Resources Inc. now owns 24,437 shares of the company’s stock worth $812,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of WisdomTree Cloud Computing Fund by 0.8% during the third quarter. Raymond James & Associates now owns 134,775 shares of the company’s stock worth $4,307,000 after purchasing an additional 1,038 shares in the last quarter.

WisdomTree Cloud Computing Fund Company Profile

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.