Global X Cloud Computing ETF (NASDAQ:CLOU) Shares Down 0.5% – What’s Next?

Shares of Global X Cloud Computing ETF (NASDAQ:CLOU) fell 0.5% during trading on Tuesday . The company traded as low as $27.73 and last traded at $27.75. Approximately 354,129 shares were traded during mid-day trading, an increase of 19% from the average session volume of 297,365 shares. The stock had previously closed at $27.88.

Global X Cloud Computing ETF Stock Down 0.5%

The firm’s fifty day moving average is $24.23 and its two-hundred day moving average is $21.82. The firm has a market cap of $267.51 million, a P/E ratio of 36.94 and a beta of 1.07.

Institutional Investors Weigh In On Global X Cloud Computing ETF

A number of large investors have recently modified their holdings of CLOU. UBS Group AG boosted its stake in shares of Global X Cloud Computing ETF by 4.6% during the 3rd quarter. UBS Group AG now owns 633,766 shares of the company’s stock valued at $14,741,000 after purchasing an additional 27,686 shares in the last quarter. Bank of America Corp DE raised its stake in Global X Cloud Computing ETF by 2.5% in the second quarter. Bank of America Corp DE now owns 553,640 shares of the company’s stock worth $12,916,000 after buying an additional 13,309 shares in the last quarter. EFG International AG bought a new position in Global X Cloud Computing ETF in the fourth quarter worth about $1,541,000. Cetera Investment Advisers lifted its holdings in 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 worth $1,187,000 after buying an additional 13,905 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Global X Cloud Computing ETF by 90.3% in the second quarter. Osaic Holdings Inc. now owns 44,209 shares of the company’s stock worth $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.