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 significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 83,283 shares, a drop of 53.1% from the September 30th total of 177,744 shares. Based on an average daily volume of 258,731 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the company’s shares are sold short.

Global X Cloud Computing ETF Stock Down 4.2%

CLOU traded down $1.22 during trading on Friday, hitting $28.02. The company’s stock had a trading volume of 525,274 shares, compared to its average volume of 300,300. Global X Cloud Computing ETF has a twelve month low of $17.52 and a twelve month high of $30.78. The stock’s fifty day moving average price is $28.67 and its 200-day moving average price is $23.59. The firm has a market capitalization of $395.64 million, a P/E ratio of 36.94 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CLOU. VestGen Advisors LLC bought a new stake in Global X Cloud Computing ETF in the third quarter valued at $470,000. Oppenheimer & Co. Inc. acquired a new position in shares of Global X Cloud Computing ETF during the third quarter valued at about $307,000. AGH Wealth Advisors LLC bought a new position in shares of Global X Cloud Computing ETF during the 3rd quarter worth about $1,318,000. Citizens Financial Group Inc. RI bought a new position in shares of Global X Cloud Computing ETF during the 3rd quarter worth about $230,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of Global X Cloud Computing ETF by 15.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 6,826 shares of the company’s stock valued at $194,000 after buying an additional 910 shares during the period.

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.