WisdomTree Cloud Computing Fund (NASDAQ:WCLD – Get Free Report)’s share price rose 6% during mid-day trading on Friday . The stock traded as high as $30.76 and last traded at $30.71. Approximately 1,218,874 shares changed hands during trading, an increase of 6% from the average daily volume of 1,153,988 shares. The stock had previously closed at $28.98.
WisdomTree Cloud Computing Fund Stock Up 6.0%
The stock has a fifty day simple moving average of $29.67 and a 200-day simple moving average of $30.18. The company has a market capitalization of $257.35 million, a P/E ratio of -15.68 and a beta of 1.10.
Hedge Funds Weigh In On WisdomTree Cloud Computing Fund
Several institutional investors have recently added to or reduced their stakes in WCLD. Bank of America Corp DE boosted its position in WisdomTree Cloud Computing Fund by 332.2% in the first quarter. Bank of America Corp DE now owns 174,838 shares of the company’s stock valued at $4,777,000 after buying an additional 134,389 shares in the last quarter. Clearwater Capital Advisors LLC increased its holdings in shares of WisdomTree Cloud Computing Fund by 19.2% during the first quarter. Clearwater Capital Advisors LLC now owns 261,011 shares of the company’s stock worth $7,131,000 after buying an additional 42,055 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of WisdomTree Cloud Computing Fund in the fourth quarter valued at approximately $915,000. Renaissance Technologies LLC bought a new position in shares of WisdomTree Cloud Computing Fund in the first quarter valued at approximately $519,000. Finally, Arax Advisory Partners acquired a new position in shares of WisdomTree Cloud Computing Fund in the 4th quarter worth approximately $614,000.
About WisdomTree Cloud Computing Fund
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.
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