Short Interest in Global X Cloud Computing ETF (NASDAQ:CLOU) Expands By 65.9%

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 389,900 shares, a growth of 65.9% from the February 28th total of 235,000 shares. Based on an average daily volume of 212,700 shares, the short-interest ratio is currently 1.8 days. Currently, 2.7% of the shares of the company are short sold.

Global X Cloud Computing ETF Price Performance

Global X Cloud Computing ETF stock traded down $0.72 during mid-day trading on Friday, hitting $21.22. 106,769 shares of the company’s stock traded hands, compared to its average volume of 215,272. Global X Cloud Computing ETF has a fifty-two week low of $17.79 and a fifty-two week high of $26.39. The stock has a market cap of $309.18 million, a price-to-earnings ratio of 35.18 and a beta of 0.98. The firm has a 50 day simple moving average of $23.97 and a two-hundred day simple moving average of $23.11.

Institutional Trading of Global X Cloud Computing ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Runnymede Capital Advisors Inc. acquired a new position in Global X Cloud Computing ETF in the 4th quarter valued at $48,000. Sierra Ocean LLC bought a new position in Global X Cloud Computing ETF during the fourth quarter worth about $92,000. Wood Tarver Financial Group LLC acquired a new stake in Global X Cloud Computing ETF in the 4th quarter worth about $98,000. SBI Securities Co. Ltd. bought a new stake in shares of Global X Cloud Computing ETF in the fourth quarter valued at approximately $141,000. Finally, JPMorgan Chase & Co. increased its stake in Global X Cloud Computing ETF by 12.7% during the 4th quarter. JPMorgan Chase & Co. now owns 6,657 shares of the company’s stock worth $160,000 after acquiring an additional 749 shares during the period.

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.