Global X Cloud Computing ETF (NASDAQ:CLOU) Stock Short Interest Declines 53.1%

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 83,283 shares, a decline of 53.1% from the September 30th total of 177,744 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 258,731 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Global X Cloud Computing ETF

A number of large investors have recently added to or reduced their stakes in CLOU. VestGen Advisors LLC acquired a new position in Global X Cloud Computing ETF during the 3rd quarter worth approximately $470,000. Oppenheimer & Co. Inc. purchased a new position in shares of Global X Cloud Computing ETF during the third quarter worth about $307,000. AGH Wealth Advisors LLC purchased a new position in shares of Global X Cloud Computing ETF in the third quarter worth $1,318,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Global X Cloud Computing ETF in the 3rd quarter worth about $230,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Global X Cloud Computing ETF by 15.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 6,826 shares of the company’s stock valued at $194,000 after buying an additional 910 shares during the period.

Global X Cloud Computing ETF Trading Down 4.2%

Global X Cloud Computing ETF stock traded down $1.22 during midday trading on Friday, reaching $28.02. 525,274 shares of the stock traded hands, compared to its average volume of 300,300. The firm has a market cap of $395.64 million, a price-to-earnings ratio of 36.94 and a beta of 1.08. Global X Cloud Computing ETF has a fifty-two week low of $17.52 and a fifty-two week high of $30.78. The firm has a fifty day moving average price of $28.66 and a two-hundred day moving average price of $23.56.

About Global X Cloud Computing ETF

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.