Short Interest in Global X Cloud Computing ETF (NASDAQ:CLOU) Drops By 20.2%

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 311,200 shares, a decrease of 20.2% from the March 15th total of 389,900 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 240,900 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of 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 last quarter. HighTower Advisors LLC boosted its stake in shares of Global X Cloud Computing ETF by 13.5% during the third quarter. HighTower Advisors LLC now owns 12,582 shares of the company’s stock valued at $257,000 after purchasing an additional 1,496 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Global X Cloud Computing ETF by 10.2% in the fourth quarter. Sanctuary Advisors LLC now owns 20,900 shares of the company’s stock worth $538,000 after purchasing an additional 1,928 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Global X Cloud Computing ETF by 14.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the company’s stock worth $332,000 after buying an additional 1,950 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in Global X Cloud Computing ETF during the 4th quarter valued at about $48,000.

Global X Cloud Computing ETF Stock Up 2.2 %

Shares of Global X Cloud Computing ETF stock traded up $0.42 during trading hours on Tuesday, reaching $19.37. 9,295 shares of the stock traded hands, compared to its average volume of 207,894. The firm has a market capitalization of $294.80 million, a price-to-earnings ratio of 29.78 and a beta of 0.98. The company has a 50 day moving average price of $21.91 and a 200 day moving average price of $23.06. Global X Cloud Computing ETF has a one year low of $17.73 and a one year high of $26.39.

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.