Global X Cloud Computing ETF (NASDAQ:CLOU) Stock Price Down 0.4% – Here’s What Happened

Global X Cloud Computing ETF (NASDAQ:CLOU) shares traded down 0.4% during mid-day trading on Friday . The stock traded as low as $23.77 and last traded at $24.14. 224,179 shares were traded during trading, a decline of 12% from the average session volume of 256,050 shares. The stock had previously closed at $24.23.

Global X Cloud Computing ETF Price Performance

The stock’s fifty day moving average price is $23.08 and its 200-day moving average price is $21.23. The firm has a market cap of $234.16 million, a PE ratio of 36.94 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Global X Cloud Computing ETF during the 4th quarter worth approximately $32,000. International Assets Investment Management LLC purchased a new position in Global X Cloud Computing ETF during the fourth quarter worth approximately $54,000. Advisory Services Network LLC acquired a new position in Global X Cloud Computing ETF during the third quarter worth $65,000. Triumph Capital Management purchased a new stake in Global X Cloud Computing ETF in the 3rd quarter valued at $74,000. Finally, Sei Investments Co. purchased a new stake in Global X Cloud Computing ETF in the 2nd quarter valued at $209,000.

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.