Short Interest in Global X Cloud Computing ETF (NASDAQ:CLOU) Rises By 122.4%

Global X Cloud Computing ETF (NASDAQ:CLOU) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 287,800 shares, a growth of 122.4% from the August 31st total of 129,400 shares. Based on an average daily volume of 216,800 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Global X Cloud Computing ETF

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of Global X Cloud Computing ETF during the 2nd quarter valued at about $53,000. Centaurus Financial Inc. bought a new stake in Global X Cloud Computing ETF during the fourth quarter valued at approximately $173,000. James J. Burns & Company LLC purchased a new stake in Global X Cloud Computing ETF during the fourth quarter valued at approximately $208,000. Assetmark Inc. raised its position in Global X Cloud Computing ETF by 96.4% in the fourth quarter. Assetmark Inc. now owns 13,375 shares of the company’s stock worth $303,000 after acquiring an additional 6,565 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Global X Cloud Computing ETF by 436.1% during the 4th quarter. BNP Paribas Financial Markets now owns 13,848 shares of the company’s stock worth $314,000 after acquiring an additional 11,265 shares during the last quarter.

Global X Cloud Computing ETF Price Performance

Shares of Global X Cloud Computing ETF stock opened at $20.61 on Friday. Global X Cloud Computing ETF has a 1 year low of $17.26 and a 1 year high of $23.67. The firm’s 50-day moving average is $19.68 and its 200 day moving average is $20.11. The stock has a market cap of $414.47 million, a price-to-earnings ratio of 46.16 and a beta of 0.98.

About Global X Cloud Computing ETF

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.