Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Down 12.9% in December

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 146,200 shares, a drop of 12.9% from the December 15th total of 167,900 shares. Based on an average trading volume of 193,000 shares, the days-to-cover ratio is presently 0.8 days.

Global X Cloud Computing ETF Trading Down 0.0 %

NASDAQ CLOU traded down $0.01 on Friday, hitting $24.29. 76,556 shares of the company’s stock were exchanged, compared to its average volume of 166,832. The stock has a 50-day moving average of $24.32 and a 200-day moving average of $21.58. The stock has a market cap of $353.91 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. Global X Cloud Computing ETF has a 52 week low of $17.79 and a 52 week high of $25.93.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its position in Global X Cloud Computing ETF by 61.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,512 shares of the company’s stock valued at $4,050,000 after acquiring an additional 74,631 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Global X Cloud Computing ETF by 262.1% during the 3rd quarter. Jane Street Group LLC now owns 99,402 shares of the company’s stock valued at $2,043,000 after purchasing an additional 71,953 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Global X Cloud Computing ETF by 8.1% during the 2nd quarter. Cetera Investment Advisers now owns 95,108 shares of the company’s stock valued at $1,870,000 after purchasing an additional 7,129 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Global X Cloud Computing ETF during the 3rd quarter worth approximately $954,000. Finally, CWM LLC lifted its stake in Global X Cloud Computing ETF by 8.0% in the 3rd quarter. CWM LLC now owns 39,910 shares of the company’s stock valued at $820,000 after purchasing an additional 2,971 shares during the last quarter.

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.