Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Down 45.2% in February

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 224,400 shares, a decline of 45.2% from the January 31st total of 409,600 shares. Based on an average trading volume of 213,200 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Global X Cloud Computing ETF

A number of institutional investors have recently bought and sold shares of the company. Runnymede Capital Advisors Inc. purchased a new stake in shares of Global X Cloud Computing ETF in the 4th quarter valued at approximately $48,000. Sierra Ocean LLC acquired a new position in Global X Cloud Computing ETF in the fourth quarter valued at approximately $92,000. SBI Securities Co. Ltd. purchased a new position in Global X Cloud Computing ETF in the fourth quarter worth approximately $141,000. JPMorgan Chase & Co. increased its stake in Global X Cloud Computing ETF by 12.7% during the fourth 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. Finally, James J. Burns & Company LLC purchased a new stake in Global X Cloud Computing ETF in the fourth quarter valued at $222,000.

Global X Cloud Computing ETF Trading Down 2.6 %

Shares of CLOU stock opened at $22.91 on Tuesday. Global X Cloud Computing ETF has a twelve month low of $17.79 and a twelve month high of $26.39. The company’s 50-day moving average price is $24.75 and its 200-day moving average price is $22.82. The stock has a market cap of $352.81 million, a price-to-earnings ratio of 35.19 and a beta of 1.11.

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.