Global X Cloud Computing ETF (NASDAQ:CLOU) Sees Significant Decrease in Short Interest

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 172,300 shares, a decrease of 40.1% from the September 15th total of 287,800 shares. Based on an average daily volume of 205,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in shares of Global X Cloud Computing ETF during the 2nd quarter worth $53,000. Centaurus Financial Inc. purchased a new position in Global X Cloud Computing ETF in the fourth quarter worth approximately $173,000. Global Assets Advisory LLC acquired a new stake in Global X Cloud Computing ETF during the first quarter worth $331,000. Sanctuary Advisors LLC purchased a new position in shares of Global X Cloud Computing ETF during the 2nd quarter worth $410,000. Finally, Cetera Advisors LLC increased its position in shares of Global X Cloud Computing ETF by 61.0% during the 1st quarter. Cetera Advisors LLC now owns 21,239 shares of the company’s stock worth $462,000 after purchasing an additional 8,043 shares during the last quarter.

Global X Cloud Computing ETF Trading Up 0.9 %

CLOU traded up $0.18 on Friday, hitting $21.07. 194,062 shares of the company’s stock were exchanged, compared to its average volume of 248,899. Global X Cloud Computing ETF has a fifty-two week low of $17.26 and a fifty-two week high of $23.67. The stock has a market cap of $359.66 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. The firm has a 50-day moving average price of $19.78 and a 200-day moving average price of $20.02.

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.