Global X Cloud Computing ETF (NASDAQ:CLOU – Get Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 409,600 shares, a growth of 121.5% from the January 15th total of 184,900 shares. Based on an average daily trading volume, of 212,900 shares, the short-interest ratio is presently 1.9 days.
Global X Cloud Computing ETF Stock Down 0.8 %
Shares of CLOU stock opened at $25.72 on Friday. Global X Cloud Computing ETF has a 52 week low of $17.79 and a 52 week high of $26.39. The stock has a market capitalization of $374.74 million, a PE ratio of 46.16 and a beta of 0.98. The firm has a 50 day moving average of $24.88 and a two-hundred day moving average of $22.32.
Hedge Funds Weigh In On Global X Cloud Computing ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLOU. Runnymede Capital Advisors Inc. purchased a new stake in shares of Global X Cloud Computing ETF during the 4th quarter worth $48,000. Sierra Ocean LLC acquired a new stake in Global X Cloud Computing ETF during the 4th quarter worth $92,000. SBI Securities Co. Ltd. acquired a new stake in Global X Cloud Computing ETF during the 4th quarter worth $141,000. JPMorgan Chase & Co. raised its stake in Global X Cloud Computing ETF by 12.7% during the 4th quarter. JPMorgan Chase & Co. now owns 6,657 shares of the company’s stock worth $160,000 after acquiring an additional 749 shares in the last quarter. Finally, James J. Burns & Company LLC acquired a new stake in Global X Cloud Computing ETF during the 4th quarter worth $222,000.
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.
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