Short Interest in WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Increases By 22.5%

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 597,000 shares, an increase of 22.5% from the February 28th total of 487,300 shares. Based on an average daily volume of 209,200 shares, the short-interest ratio is presently 2.9 days. Currently, 4.9% of the company’s stock are short sold.

WisdomTree Cloud Computing Fund Price Performance

NASDAQ:WCLD opened at $32.45 on Tuesday. WisdomTree Cloud Computing Fund has a 12 month low of $27.78 and a 12 month high of $41.87. The firm has a market capitalization of $396.86 million, a PE ratio of -15.68 and a beta of 1.22. The business’s fifty day moving average price is $37.24 and its 200 day moving average price is $36.44.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Mascagni Wealth Management Inc. purchased a new stake in WisdomTree Cloud Computing Fund during the fourth quarter worth approximately $120,000. Y.D. More Investments Ltd raised its holdings in WisdomTree Cloud Computing Fund by 170.9% during the fourth quarter. Y.D. More Investments Ltd now owns 3,251 shares of the company’s stock worth $122,000 after purchasing an additional 2,051 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth approximately $214,000. Merit Financial Group LLC acquired a new position in shares of WisdomTree Cloud Computing Fund in the 4th quarter valued at $219,000. Finally, Advisory Services Network LLC grew its position in shares of WisdomTree Cloud Computing Fund by 14.6% in the 4th quarter. Advisory Services Network LLC now owns 7,874 shares of the company’s stock valued at $295,000 after buying an additional 1,006 shares during the last quarter.

WisdomTree Cloud Computing Fund Company Profile

The WisdomTree Cloud Computing Fund (WCLD) is an exchange-traded fund that is based on the BVP Nasdaq Emerging Cloud index. The fund tracks and index of US companies primarily focused on cloud software and services. Stocks are equal weighted in the index. WCLD was launched on Sep 6, 2019 and is managed by WisdomTree.