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

WisdomTree Cloud Computing Fund (NASDAQ:WCLDGet Free Report)’s share price dropped 0.3% on Monday . The company traded as low as $33.14 and last traded at $33.31. Approximately 67,549 shares were traded during trading, a decline of 72% from the average daily volume of 238,520 shares. The stock had previously closed at $33.42.

WisdomTree Cloud Computing Fund Stock Performance

The stock has a market cap of $414.71 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. The stock’s 50-day simple moving average is $31.64 and its two-hundred day simple moving average is $31.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WCLD. First PREMIER Bank lifted its position in WisdomTree Cloud Computing Fund by 35.8% during the 1st quarter. First PREMIER Bank now owns 1,594 shares of the company’s stock worth $56,000 after acquiring an additional 420 shares during the last quarter. O ROURKE & COMPANY Inc acquired a new position in WisdomTree Cloud Computing Fund during the 1st quarter worth $293,000. SpiderRock Advisors LLC acquired a new position in WisdomTree Cloud Computing Fund during the 1st quarter worth $432,000. Joseph P. Lucia & Associates LLC raised its position in shares of WisdomTree Cloud Computing Fund by 1.2% during the first quarter. Joseph P. Lucia & Associates LLC now owns 29,719 shares of the company’s stock valued at $1,035,000 after buying an additional 340 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of WisdomTree Cloud Computing Fund during the first quarter valued at about $961,000.

About WisdomTree Cloud Computing Fund

(Get Free Report)

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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