Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Down 49.0% in July

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 206,497 shares, a decline of 49.0% from the June 30th total of 404,706 shares. Based on an average trading volume of 317,281 shares, the short-interest ratio is currently 0.7 days. Approximately 2.1% of the company’s stock are sold short.

Global X Cloud Computing ETF Price Performance

Shares of NASDAQ:CLOU remained flat at $23.84 during midday trading on Tuesday. The company had a trading volume of 77,429 shares, compared to its average volume of 255,632. Global X Cloud Computing ETF has a twelve month low of $17.52 and a twelve month high of $26.44. The stock’s 50-day moving average is $23.23 and its two-hundred day moving average is $21.26. The company has a market cap of $226.96 million, a P/E ratio of 36.94 and a beta of 1.08.

Institutional Investors Weigh In On Global X Cloud Computing ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG lifted its holdings in shares of Global X Cloud Computing ETF by 4.6% during the 3rd quarter. UBS Group AG now owns 633,766 shares of the company’s stock valued at $14,741,000 after buying an additional 27,686 shares during the last quarter. Bank of America Corp DE grew its position in Global X Cloud Computing ETF by 2.5% in the second quarter. Bank of America Corp DE now owns 553,640 shares of the company’s stock worth $12,916,000 after acquiring an additional 13,309 shares in the last quarter. EFG International AG bought a new position in shares of Global X Cloud Computing ETF during the 4th quarter valued at $1,541,000. Cetera Investment Advisers lifted its stake in shares of Global X Cloud Computing ETF by 29.6% in the 1st quarter. Cetera Investment Advisers now owns 60,877 shares of the company’s stock valued at $1,187,000 after purchasing an additional 13,905 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Global X Cloud Computing ETF by 90.3% in the second quarter. Osaic Holdings Inc. now owns 44,209 shares of the company’s stock worth $1,030,000 after purchasing an additional 20,976 shares in the last quarter.

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.