Global X Cloud Computing ETF (NASDAQ:CLOU) Shares Up 0.6% – Here’s What Happened

Global X Cloud Computing ETF (NASDAQ:CLOU)’s share price shot up 0.6% during trading on Wednesday . The stock traded as high as $20.24 and last traded at $19.97. 366,216 shares traded hands during trading, an increase of 73% from the average session volume of 211,825 shares. The stock had previously closed at $19.86.

Global X Cloud Computing ETF Stock Performance

The company has a 50-day moving average of $20.15 and a 200-day moving average of $22.10. The firm has a market capitalization of $219.47 million, a price-to-earnings ratio of 36.94 and a beta of 1.10.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Several large investors have recently made changes to their positions in the stock. Founders Financial Alliance LLC bought a new stake in Global X Cloud Computing ETF in the 3rd quarter valued at $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Global X Cloud Computing ETF in the 4th quarter valued at about $32,000. International Assets Investment Management LLC acquired a new stake in shares of Global X Cloud Computing ETF in the 4th quarter valued at about $54,000. Advisory Services Network LLC bought a new stake in shares of Global X Cloud Computing ETF in the third quarter valued at about $65,000. Finally, Triumph Capital Management bought a new stake in shares of Global X Cloud Computing ETF in the third quarter valued at about $74,000.

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.