Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Update

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 134,992 shares, a decline of 81.3% from the August 15th total of 720,414 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 319,722 shares, the days-to-cover ratio is presently 0.4 days.

Global X Cloud Computing ETF Trading Down 0.1%

Global X Cloud Computing ETF stock traded down $0.04 during trading hours on Friday, reaching $27.13. 493,629 shares of the stock were exchanged, compared to its average volume of 301,624. The company has a market cap of $261.53 million, a P/E ratio of 36.94 and a beta of 1.08. Global X Cloud Computing ETF has a twelve month low of $17.52 and a twelve month high of $29.29. The stock has a 50 day moving average of $26.21 and a two-hundred day moving average of $22.85.

Institutional Investors Weigh In On Global X Cloud Computing ETF

A number of large investors have recently modified their holdings of the business. UBS Group AG boosted its stake in Global X Cloud Computing ETF by 4.6% in the third quarter. UBS Group AG now owns 633,766 shares of the company’s stock valued at $14,741,000 after buying an additional 27,686 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Global X Cloud Computing ETF by 2.5% during the 2nd quarter. Bank of America Corp DE now owns 553,640 shares of the company’s stock valued at $12,916,000 after purchasing an additional 13,309 shares during the last quarter. EFG International AG acquired a new position in Global X Cloud Computing ETF during the 4th quarter worth approximately $1,541,000. Cetera Investment Advisers increased its position in Global X Cloud Computing ETF by 29.6% during the 1st quarter. Cetera Investment Advisers now owns 60,877 shares of the company’s stock worth $1,187,000 after purchasing an additional 13,905 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Global X Cloud Computing ETF by 90.3% in the 2nd 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 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.