WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Up 6% – What’s Next?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s share price traded up 6% during mid-day trading on Friday . The stock traded as high as $30.76 and last traded at $30.71. 1,218,874 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 1,153,988 shares. The stock had previously closed at $28.98.

WisdomTree Cloud Computing Fund Stock Performance

The company has a market cap of $257.35 million, a price-to-earnings ratio of -15.68 and a beta of 1.10. The business’s 50 day moving average price is $29.67 and its 200-day moving average price is $30.18.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Osbon Capital Management LLC acquired a new stake in WisdomTree Cloud Computing Fund during the fourth quarter valued at approximately $272,000. Endowment Wealth Management Inc. raised its holdings in shares of WisdomTree Cloud Computing Fund by 39.6% in the 4th quarter. Endowment Wealth Management Inc. now owns 15,441 shares of the company’s stock worth $541,000 after buying an additional 4,377 shares in the last quarter. Clearwater Capital Advisors LLC raised its holdings in shares of WisdomTree Cloud Computing Fund by 4.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 218,956 shares of the company’s stock worth $7,666,000 after buying an additional 9,005 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of WisdomTree Cloud Computing Fund by 6.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 12,882 shares of the company’s stock worth $451,000 after buying an additional 737 shares during the period. Finally, AlphaCore Capital LLC bought a new position in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth approximately $31,000.

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.