Global X Cloud Computing ETF (NASDAQ:CLOU) Trading 0.6% Higher – Here’s Why

Global X Cloud Computing ETF (NASDAQ:CLOU) traded up 0.6% during trading on Wednesday . The stock traded as high as $20.24 and last traded at $19.97. 366,216 shares changed hands during mid-day trading, an increase of 73% from the average session volume of 211,825 shares. The stock had previously closed at $19.86.

Global X Cloud Computing ETF Stock Performance

The stock has a market cap of $216.06 million, a price-to-earnings ratio of 36.94 and a beta of 1.10. The business has a 50-day simple moving average of $20.04 and a two-hundred day simple moving average of $22.06.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CLOU. Founders Financial Alliance LLC bought a new position in shares of Global X Cloud Computing ETF in the 3rd quarter valued at about $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Global X Cloud Computing ETF during the fourth quarter worth about $32,000. International Assets Investment Management LLC bought a new stake in Global X Cloud Computing ETF during the fourth quarter worth about $54,000. Advisory Services Network LLC acquired a new position in Global X Cloud Computing ETF during the third quarter valued at approximately $65,000. Finally, Triumph Capital Management acquired a new position in Global X Cloud Computing ETF during the third quarter valued at approximately $74,000.

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.