Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Down 49.0% in July

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 206,497 shares, a drop of 49.0% from the June 30th total of 404,706 shares. Based on an average daily trading volume, of 317,281 shares, the short-interest ratio is presently 0.7 days. Approximately 2.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG lifted its position in shares of Global X Cloud Computing ETF by 4.6% in the third quarter. UBS Group AG now owns 633,766 shares of the company’s stock worth $14,741,000 after purchasing an additional 27,686 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Global X Cloud Computing ETF by 2.5% during the second quarter. Bank of America Corp DE now owns 553,640 shares of the company’s stock worth $12,916,000 after purchasing an additional 13,309 shares during the period. EFG International AG purchased a new position in Global X Cloud Computing ETF during the fourth quarter valued at approximately $1,541,000. Cetera Investment Advisers grew its position in Global X Cloud Computing ETF by 29.6% during the first quarter. Cetera Investment Advisers now owns 60,877 shares of the company’s stock valued at $1,187,000 after purchasing an additional 13,905 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Global X Cloud Computing ETF by 90.3% in the 2nd quarter. Osaic Holdings Inc. now owns 44,209 shares of the company’s stock valued at $1,030,000 after buying an additional 20,976 shares during the period.

Global X Cloud Computing ETF Stock Performance

NASDAQ:CLOU remained flat at $23.84 during trading hours on Tuesday. The company had a trading volume of 77,429 shares, compared to its average volume of 255,632. The stock has a market cap of $226.96 million, a price-to-earnings ratio of 36.94 and a beta of 1.08. Global X Cloud Computing ETF has a 52-week low of $17.52 and a 52-week high of $26.44. The stock has a fifty day moving average price of $23.23 and a two-hundred day moving average price of $21.26.

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.