Short Interest in Global X Cloud Computing ETF (NASDAQ:CLOU) Grows By 5.1%

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a large increase in short interest in 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 trading volume of 192,500 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Global X Cloud Computing ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLOU. Jane Street Group LLC grew its stake in Global X Cloud Computing ETF by 262.1% during the 3rd quarter. Jane Street Group LLC now owns 99,402 shares of the company’s stock valued at $2,043,000 after purchasing an additional 71,953 shares in the last quarter. HighTower Advisors LLC grew its position in shares of 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 buying an additional 1,496 shares in the last quarter. CWM LLC increased its stake in shares of Global X Cloud Computing ETF by 8.0% in the third quarter. CWM LLC now owns 39,910 shares of the company’s stock worth $820,000 after buying an additional 2,971 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Global X Cloud Computing ETF by 11.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 148,840 shares of the company’s stock valued at $2,926,000 after acquiring an additional 14,775 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Global X Cloud Computing ETF during the 2nd quarter worth $53,000.

Global X Cloud Computing ETF Stock Down 0.1 %

Shares of NASDAQ:CLOU opened at $23.94 on Friday. Global X Cloud Computing ETF has a 52-week low of $17.79 and a 52-week high of $25.93. The company has a market capitalization of $371.79 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. The company has a 50 day moving average of $23.75 and a two-hundred day moving average of $21.20.

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.