WisdomTree Cloud Computing Fund (NASDAQ:WCLD – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 597,000 shares, an increase of 22.5% from the February 28th total of 487,300 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average daily volume of 209,200 shares, the days-to-cover ratio is presently 2.9 days.
WisdomTree Cloud Computing Fund Stock Up 1.1 %
Shares of NASDAQ WCLD opened at $33.21 on Thursday. WisdomTree Cloud Computing Fund has a 12 month low of $27.78 and a 12 month high of $41.87. The company has a market cap of $406.16 million, a P/E ratio of -15.68 and a beta of 1.22. The business’s 50 day moving average is $37.01 and its two-hundred day moving average is $36.43.
Institutional Investors Weigh In On WisdomTree Cloud Computing Fund
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mascagni Wealth Management Inc. acquired a new position in WisdomTree Cloud Computing Fund during the 4th quarter valued at $120,000. Y.D. More Investments Ltd raised its position in shares of WisdomTree Cloud Computing Fund by 170.9% during the fourth quarter. Y.D. More Investments Ltd now owns 3,251 shares of the company’s stock valued at $122,000 after buying an additional 2,051 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of WisdomTree Cloud Computing Fund in the fourth quarter valued at about $214,000. Merit Financial Group LLC acquired a new stake in WisdomTree Cloud Computing Fund during the fourth quarter worth about $219,000. Finally, Advisory Services Network LLC increased its stake in WisdomTree Cloud Computing Fund by 14.6% during the fourth quarter. Advisory Services Network LLC now owns 7,874 shares of the company’s stock valued at $295,000 after acquiring an additional 1,006 shares during the period.
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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