Global X Cloud Computing ETF (NASDAQ:CLOU) Sees Significant Increase in Short Interest

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a large increase in short interest during the month of 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 volume of 193,200 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Global X Cloud Computing ETF

Several large investors have recently bought and sold shares of the stock. CreativeOne Wealth LLC increased its stake in shares of Global X Cloud Computing ETF by 12.1% in the first quarter. CreativeOne Wealth LLC now owns 77,211 shares of the company’s stock worth $1,679,000 after acquiring an additional 8,349 shares during the period. Jane Street Group LLC lifted its holdings in shares of Global X Cloud Computing ETF by 773.8% in the 1st quarter. Jane Street Group LLC now owns 430,259 shares of the company’s stock valued at $9,358,000 after buying an additional 381,021 shares during the period. Cetera Investment Advisers raised its position in Global X Cloud Computing ETF by 126.3% during 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 in the last quarter. Cetera Advisors LLC lifted its holdings in Global X Cloud Computing ETF by 61.0% in the first quarter. Cetera Advisors LLC now owns 21,239 shares of the company’s stock valued at $462,000 after acquiring an additional 8,043 shares during the period. Finally, CWM LLC boosted its position in Global X Cloud Computing ETF by 27.9% in the 2nd quarter. CWM LLC now owns 36,939 shares of the company’s stock worth $726,000 after purchasing an additional 8,055 shares in the last quarter.

Global X Cloud Computing ETF Stock Performance

NASDAQ:CLOU traded down $0.53 during mid-day trading on Friday, hitting $22.70. 121,071 shares of the company’s stock traded hands, compared to its average volume of 243,324. The company has a fifty day moving average of $20.89 and a 200 day moving average of $20.11. Global X Cloud Computing ETF has a twelve month low of $17.79 and a twelve month high of $23.90. The company has a market capitalization of $352.53 million, a P/E ratio of 46.16 and a beta of 0.98.

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.