WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Short Interest Update

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 466,800 shares, a decline 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 Performance

Shares of WCLD opened at $37.72 on Tuesday. The stock has a market capitalization of $461.32 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. WisdomTree Cloud Computing Fund has a 52-week low of $27.78 and a 52-week high of $41.87. The stock’s 50-day simple moving average is $37.53 and its 200 day simple moving average is $33.48.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Large investors have recently modified their holdings of the company. Ieq Capital LLC boosted its stake in WisdomTree Cloud Computing Fund by 125.3% during the second quarter. Ieq Capital LLC now owns 105,981 shares of the company’s stock valued at $3,348,000 after buying an additional 58,938 shares during the period. StoneCrest Wealth Management Inc. purchased a new position in shares of WisdomTree Cloud Computing Fund during the third quarter worth about $1,245,000. Clearwater Capital Advisors LLC increased its position in shares of WisdomTree Cloud Computing Fund by 5.5% in the second quarter. Clearwater Capital Advisors LLC now owns 158,572 shares of the company’s stock worth $5,009,000 after purchasing an additional 8,278 shares during the last quarter. Larson Financial Group LLC purchased a new stake in WisdomTree Cloud Computing Fund in the second quarter valued at approximately $209,000. Finally, International Assets Investment Management LLC lifted its position in WisdomTree Cloud Computing Fund by 3,096.3% during the third quarter. International Assets Investment Management LLC now owns 5,114 shares of the company’s stock valued at $160,000 after purchasing an additional 4,954 shares during 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.