Global X Cloud Computing ETF (NASDAQ:CLOU) Trading Down 0.5% – What’s Next?

Global X Cloud Computing ETF (NASDAQ:CLOU) was down 0.5% during trading on Tuesday . The stock traded as low as $27.73 and last traded at $27.75. 354,129 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 297,365 shares. The stock had previously closed at $27.88.

Global X Cloud Computing ETF Trading Down 0.5%

The company has a market capitalization of $267.51 million, a P/E ratio of 36.94 and a beta of 1.07. The stock’s fifty day moving average is $24.23 and its 200 day moving average is $21.82.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Several hedge funds and other institutional investors have recently modified their holdings of CLOU. Integrated Wealth Concepts LLC increased its holdings in Global X Cloud Computing ETF by 3.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 21,785 shares of the company’s stock valued at $507,000 after purchasing an additional 770 shares during the period. IHT Wealth Management LLC lifted its holdings in Global X Cloud Computing ETF by 7.9% in the 4th quarter. IHT Wealth Management LLC now owns 13,721 shares of the company’s stock worth $310,000 after buying an additional 1,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Global X Cloud Computing ETF in the 4th quarter worth approximately $32,000. Sanctuary Advisors LLC lifted its holdings in Global X Cloud Computing ETF by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 26,953 shares of the company’s stock worth $610,000 after buying an additional 1,871 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in shares of Global X Cloud Computing ETF by 19.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 11,378 shares of the company’s stock worth $257,000 after buying an additional 1,887 shares during the last quarter.

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.