Global X Cloud Computing ETF (NASDAQ:CLOU) Trading Down 0.4% – Should You Sell?

Global X Cloud Computing ETF (NASDAQ:CLOU)’s share price traded down 0.4% during trading on Wednesday . The company traded as low as $19.47 and last traded at $19.51. 188,855 shares were traded during trading, a decline of 11% from the average session volume of 212,055 shares. The stock had previously closed at $19.58.

Global X Cloud Computing ETF Price Performance

The company has a market cap of $206.61 million, a PE ratio of 36.94 and a beta of 1.08. The business has a 50-day moving average of $19.49 and a 200 day moving average of $21.73.

Institutional Trading of Global X Cloud Computing ETF

A number of hedge funds have recently bought and sold shares of CLOU. EFG International AG purchased a new stake in Global X Cloud Computing ETF during the fourth quarter valued at $1,541,000. Insight Advisors LLC PA increased its position in Global X Cloud Computing ETF by 202.9% during the fourth quarter. Insight Advisors LLC PA now owns 22,019 shares of the company’s stock valued at $498,000 after acquiring an additional 43,427 shares during the last quarter. Jane Street Group LLC purchased a new stake in Global X Cloud Computing ETF during the second quarter valued at $736,000. UBS Group AG grew its holdings in Global X Cloud Computing ETF by 4.6% during the third quarter. UBS Group AG now owns 633,766 shares of the company’s stock valued at $14,741,000 after purchasing an additional 27,686 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Global X Cloud Computing ETF by 90.3% during the second quarter. Osaic Holdings Inc. now owns 44,209 shares of the company’s stock valued at $1,030,000 after purchasing an additional 20,976 shares during the period.

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.