Global X Cloud Computing ETF (NASDAQ:CLOU) Trading 5% Higher – What’s Next?

Global X Cloud Computing ETF (NASDAQ:CLOU)’s stock price was up 5% during mid-day trading on Friday . The company traded as high as $22.18 and last traded at $22.17. Approximately 394,248 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 249,309 shares. The stock had previously closed at $21.12.

Global X Cloud Computing ETF Stock Up 5.0%

The firm has a market cap of $238.55 million, a price-to-earnings ratio of 36.94 and a beta of 1.08. The firm has a 50 day moving average of $22.16 and a 200 day moving average of $21.16.

Institutional Trading of Global X Cloud Computing ETF

Several hedge funds have recently modified their holdings of CLOU. UBS Group AG boosted its stake 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 worth $14,741,000 after acquiring an additional 27,686 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Global X Cloud Computing ETF by 2.5% during the second 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 period. EFG International AG bought a new position in shares of Global X Cloud Computing ETF during the 4th quarter worth about $1,541,000. Cetera Investment Advisers boosted its position in shares of 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. grew its stake in shares of 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 buying an additional 20,976 shares during the period.

Global X Cloud Computing ETF Company Profile

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.