Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Down 81.3% in August

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 134,992 shares, a drop of 81.3% from the August 15th total of 720,414 shares. Based on an average daily trading volume, of 319,722 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLOU. UBS Group AG grew its position in shares of Global X Cloud Computing ETF by 4.6% in the 3rd quarter. UBS Group AG now owns 633,766 shares of the company’s stock worth $14,741,000 after buying an additional 27,686 shares during the period. Bank of America Corp DE boosted its stake in 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 worth $12,916,000 after acquiring an additional 13,309 shares in the last quarter. EFG International AG bought a new stake in Global X Cloud Computing ETF during the fourth quarter worth about $1,541,000. Cetera Investment Advisers grew 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 purchasing an additional 13,905 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Global X Cloud Computing ETF by 90.3% during the second quarter. Osaic Holdings Inc. now owns 44,209 shares of the company’s stock valued at $1,030,000 after purchasing an additional 20,976 shares in the last quarter.

Global X Cloud Computing ETF Stock Performance

Shares of NASDAQ CLOU traded down $0.04 during midday trading on Friday, hitting $27.13. 493,629 shares of the company traded hands, compared to its average volume of 301,624. Global X Cloud Computing ETF has a 12-month low of $17.52 and a 12-month high of $29.29. The stock has a 50-day moving average price of $26.21 and a 200 day moving average price of $22.85. The firm has a market cap of $261.53 million, a P/E ratio of 36.94 and a beta of 1.08.

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.