WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Sees Large Decline in Short Interest

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 619,500 shares, a drop of 13.4% from the August 31st total of 715,000 shares. Based on an average daily trading volume, of 193,000 shares, the days-to-cover ratio is currently 3.2 days.

WisdomTree Cloud Computing Fund Price Performance

Shares of WCLD stock opened at $31.97 on Friday. The company has a fifty day moving average price of $31.07 and a two-hundred day moving average price of $31.84. WisdomTree Cloud Computing Fund has a one year low of $26.42 and a one year high of $37.34. The stock has a market cap of $472.20 million, a P/E ratio of -15.68 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

Hedge funds have recently bought and sold shares of the company. Ieq Capital LLC lifted its holdings in WisdomTree Cloud Computing Fund by 125.3% during the 2nd quarter. Ieq Capital LLC now owns 105,981 shares of the company’s stock valued at $3,348,000 after purchasing an additional 58,938 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of WisdomTree Cloud Computing Fund during the 1st quarter worth about $1,335,000. SageView Advisory Group LLC bought a new stake in shares of WisdomTree Cloud Computing Fund during the 1st quarter worth about $961,000. Cetera Advisors LLC grew its stake in WisdomTree Cloud Computing Fund by 125.0% in the 1st quarter. Cetera Advisors LLC now owns 46,090 shares of the company’s stock valued at $1,605,000 after buying an additional 25,605 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in WisdomTree Cloud Computing Fund in the 4th quarter valued at about $807,000.

WisdomTree Cloud Computing Fund Company Profile

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.