Global X Cloud Computing ETF (NASDAQ:CLOU) Short Interest Update

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 247,000 shares, an increase of 42.3% from the October 15th total of 173,600 shares. Based on an average daily trading volume, of 193,200 shares, the short-interest ratio is presently 1.3 days.

Global X Cloud Computing ETF Price Performance

Shares of CLOU traded down $0.39 during trading hours on Thursday, hitting $23.23. The stock had a trading volume of 286,057 shares, compared to its average volume of 243,878. The stock has a market capitalization of $360.76 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. Global X Cloud Computing ETF has a 52 week low of $17.79 and a 52 week high of $23.90. The company’s fifty day moving average is $20.74 and its two-hundred day moving average is $20.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its position in Global X Cloud Computing ETF by 773.8% in the first quarter. Jane Street Group LLC now owns 430,259 shares of the company’s stock worth $9,358,000 after purchasing an additional 381,021 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Global X Cloud Computing ETF by 61.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,512 shares of the company’s stock valued at $4,050,000 after acquiring an additional 74,631 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Global X Cloud Computing ETF by 126.3% in the first quarter. Cetera Investment Advisers now owns 87,979 shares of the company’s stock valued at $1,914,000 after acquiring an additional 49,103 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Global X Cloud Computing ETF during the third quarter worth $954,000. Finally, Sanctuary Advisors LLC bought a new position in Global X Cloud Computing ETF during the second quarter worth $410,000.

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.