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

Global X Cloud Computing ETF (NASDAQ:CLOU) saw a large decline in short interest in 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. Based on an average daily trading volume, of 258,731 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Several hedge funds have recently modified their holdings of CLOU. AGH Wealth Advisors LLC acquired a new stake in shares of Global X Cloud Computing ETF during the third quarter valued at about $1,318,000. Envestnet Asset Management Inc. increased its stake in shares of Global X Cloud Computing ETF by 16.5% in the second quarter. Envestnet Asset Management Inc. now owns 52,513 shares of the company’s stock valued at $1,194,000 after buying an additional 7,419 shares during the period. Cetera Investment Advisers increased its stake in shares of Global X Cloud Computing ETF by 29.6% in the first quarter. Cetera Investment Advisers now owns 60,877 shares of the company’s stock valued at $1,187,000 after buying an additional 13,905 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Global X Cloud Computing ETF in the third quarter valued at approximately $610,000. Finally, Sanctuary Advisors LLC raised its holdings in Global X Cloud Computing ETF by 12.4% in the 1st quarter. Sanctuary Advisors LLC now owns 30,295 shares of the company’s stock valued at $591,000 after buying an additional 3,342 shares during the last quarter.

Global X Cloud Computing ETF Trading Down 4.2%

NASDAQ CLOU traded down $1.22 during trading on Friday, hitting $28.02. 525,274 shares of the company’s stock were exchanged, compared to its average volume of 300,300. The company has a market cap of $395.64 million, a PE 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 stock’s 50 day moving average price is $28.67 and its two-hundred day moving average price is $23.59.

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.