Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Update

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a significant growth in short interest in 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. Currently, 2.7% of the company’s shares are sold short. Based on an average daily volume of 212,700 shares, the short-interest ratio is currently 1.8 days.

Global X Cloud Computing ETF Price Performance

Shares of NASDAQ CLOU traded down $0.72 during midday trading on Friday, reaching $21.22. 106,769 shares of the stock were exchanged, compared to its average volume of 215,272. Global X Cloud Computing ETF has a 12 month low of $17.79 and a 12 month high of $26.39. The company has a market capitalization of $309.18 million, a price-to-earnings ratio of 35.18 and a beta of 0.98. The business has a 50-day simple moving average of $23.97 and a two-hundred day simple moving average of $23.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLOU. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Global X Cloud Computing ETF by 16.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,725 shares of the company’s stock valued at $5,548,000 after purchasing an additional 33,213 shares in the last quarter. Clearwater Capital Advisors LLC boosted its stake in Global X Cloud Computing ETF by 6.2% in the 4th quarter. Clearwater Capital Advisors LLC now owns 117,154 shares of the company’s stock worth $2,807,000 after purchasing an additional 6,876 shares during the period. Wells Fargo & Company MN increased its holdings in Global X Cloud Computing ETF by 24.3% during the 4th quarter. Wells Fargo & Company MN now owns 115,590 shares of the company’s stock worth $2,770,000 after purchasing an additional 22,623 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Global X Cloud Computing ETF by 262.1% in the 3rd quarter. Jane Street Group LLC now owns 99,402 shares of the company’s stock valued at $2,043,000 after purchasing an additional 71,953 shares during the period. Finally, Independent Advisor Alliance bought a new stake in shares of Global X Cloud Computing ETF in the fourth quarter valued at about $1,661,000.

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.