Global X Cloud Computing ETF (NASDAQ:CLOU) Sees Large Drop in Short Interest

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

Institutional Trading of Global X Cloud Computing ETF

Large investors have recently made changes to their positions in the business. EFG International AG bought a new position in shares of Global X Cloud Computing ETF in the fourth quarter valued at about $1,541,000. Insight Advisors LLC PA grew its holdings in Global X Cloud Computing ETF by 202.9% during the 4th quarter. Insight Advisors LLC PA now owns 22,019 shares of the company’s stock worth $498,000 after acquiring an additional 43,427 shares during the last quarter. Jane Street Group LLC acquired a new stake in Global X Cloud Computing ETF in the 2nd quarter valued at about $736,000. UBS Group AG increased its position in Global X Cloud Computing ETF by 4.6% in the 3rd quarter. UBS Group AG now owns 633,766 shares of the company’s stock valued at $14,741,000 after acquiring an additional 27,686 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Global X Cloud Computing ETF by 90.3% in the second quarter. Osaic Holdings Inc. now owns 44,209 shares of the company’s stock worth $1,030,000 after acquiring an additional 20,976 shares during the last quarter.

Global X Cloud Computing ETF Trading Down 0.4%

NASDAQ CLOU traded down $0.09 during trading hours on Thursday, reaching $24.67. 236,479 shares of the company’s stock were exchanged, compared to its average volume of 256,754. The firm has a fifty day moving average of $23.31 and a 200-day moving average of $21.29. Global X Cloud Computing ETF has a one year low of $17.52 and a one year high of $26.44. The stock has a market cap of $234.86 million, a PE ratio of 36.94 and a beta of 1.08.

About Global X Cloud Computing ETF

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.