Short Interest in Global X Cloud Computing ETF (NASDAQ:CLOU) Grows By 299.6%

Global X Cloud Computing ETF (NASDAQ:CLOUGet Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 720,414 shares, an increase of 299.6% from the July 30th total of 180,263 shares. Currently, 7.5% of the company’s stock are short sold. Based on an average daily volume of 831,816 shares, the days-to-cover ratio is presently 0.9 days.

Global X Cloud Computing ETF Stock Up 0.2%

CLOU traded up $0.06 on Friday, reaching $28.98. The company’s stock had a trading volume of 388,247 shares, compared to its average volume of 297,235. The stock has a 50 day moving average of $24.98 and a two-hundred day moving average of $22.22. The company has a market capitalization of $279.37 million, a price-to-earnings ratio of 36.94 and a beta of 1.07. Global X Cloud Computing ETF has a fifty-two week low of $17.52 and a fifty-two week high of $29.29.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its holdings in shares of Global X Cloud Computing ETF by 6.1% during the first quarter. Integrated Wealth Concepts LLC now owns 20,630 shares of the company’s stock worth $433,000 after buying an additional 1,190 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Global X Cloud Computing ETF in the 2nd quarter valued at about $245,000. Qube Research & Technologies Ltd increased its holdings in Global X Cloud Computing ETF by 66.1% in the second quarter. Qube Research & Technologies Ltd now owns 35,482 shares of the company’s stock valued at $828,000 after buying an additional 14,119 shares in the last quarter. Sei Investments Co. purchased a new position in Global X Cloud Computing ETF in the 2nd quarter valued at approximately $209,000. Finally, Jane Street Group LLC acquired a new position in shares of Global X Cloud Computing ETF during the 2nd quarter worth $736,000.

Global X Cloud Computing ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Global X Cloud Computing ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X Cloud Computing ETF and related companies with MarketBeat.com's FREE daily email newsletter.