WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Down 0.3% – Time to Sell?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) shares fell 0.3% on Monday . The stock traded as low as $33.14 and last traded at $33.31. 67,549 shares were traded during trading, a decline of 72% from the average session volume of 238,520 shares. The stock had previously closed at $33.42.

WisdomTree Cloud Computing Fund Stock Down 0.3 %

The company has a market cap of $414.71 million, a P/E ratio of -15.68 and a beta of 1.09. The company’s 50-day moving average is $31.64 and its two-hundred day moving average is $31.59.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HBW Advisory Services LLC bought a new position in WisdomTree Cloud Computing Fund during the second quarter worth about $32,000. First PREMIER Bank boosted its position in WisdomTree Cloud Computing Fund by 35.8% during the first quarter. First PREMIER Bank now owns 1,594 shares of the company’s stock worth $56,000 after purchasing an additional 420 shares during the period. Opal Wealth Advisors LLC boosted its position in WisdomTree Cloud Computing Fund by 107.2% during the second quarter. Opal Wealth Advisors LLC now owns 3,427 shares of the company’s stock worth $108,000 after purchasing an additional 1,773 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in WisdomTree Cloud Computing Fund by 19.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,547 shares of the company’s stock worth $112,000 after purchasing an additional 587 shares during the period. Finally, Insight Advisors LLC PA bought a new position in WisdomTree Cloud Computing Fund during the second quarter worth about $202,000.

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.