Short Interest in Global X Cloud Computing ETF (NASDAQ:CLOU) Declines By 12.1%

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 278,700 shares, a decrease of 12.1% from the March 15th total of 317,000 shares. Based on an average daily volume of 302,200 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Global X Cloud Computing ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in shares of Global X Cloud Computing ETF by 476.2% during the 2nd quarter. Millennium Management LLC now owns 506,542 shares of the company’s stock worth $8,353,000 after purchasing an additional 418,635 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Global X Cloud Computing ETF by 65.2% in the 1st quarter. Bank of America Corp DE now owns 955,046 shares of the company’s stock worth $21,001,000 after acquiring an additional 376,774 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Global X Cloud Computing ETF by 6,767.6% during the 2nd quarter. Jane Street Group LLC now owns 272,577 shares of the company’s stock worth $4,495,000 after purchasing an additional 268,608 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Global X Cloud Computing ETF by 538.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 312,509 shares of the company’s stock valued at $7,081,000 after purchasing an additional 263,555 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in Global X Cloud Computing ETF in the second quarter valued at approximately $3,053,000.

Global X Cloud Computing ETF Stock Down 0.5 %

Shares of Global X Cloud Computing ETF stock traded down $0.10 during mid-day trading on Tuesday, hitting $20.30. The stock had a trading volume of 1,379,349 shares, compared to its average volume of 335,354. The firm has a 50-day moving average of $21.80 and a two-hundred day moving average of $21.05. The firm has a market cap of $555.81 million, a P/E ratio of 45.54 and a beta of 0.98. Global X Cloud Computing ETF has a 12-month low of $16.00 and a 12-month high of $23.67.

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.