Global X Cloud Computing ETF (NASDAQ:CLOU) Shares Shorted: Short Interest Up 77.6% in September

Global X Cloud Computing ETF (NASDAQ:CLOU) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 239,761 shares, an increase of 77.6% from the August 31st total of 134,992 shares. Based on an average daily volume of 299,854 shares, the short-interest ratio is presently 0.8 days. Approximately 1.8% of the shares of the stock are short sold.

Global X Cloud Computing ETF Stock Up 0.5%

CLOU stock traded up $0.15 during midday trading on Thursday, hitting $28.61. The company’s stock had a trading volume of 77,527 shares, compared to its average volume of 294,607. Global X Cloud Computing ETF has a 12 month low of $17.52 and a 12 month high of $29.36. The company has a 50 day moving average of $27.38 and a two-hundred day moving average of $23.72. The firm has a market capitalization of $375.13 million, a price-to-earnings ratio of 36.94 and a beta of 1.08.

Hedge Funds Weigh In On Global X Cloud Computing ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CLOU. Cetera Investment Advisers increased its holdings in Global X Cloud Computing ETF by 29.6% in the 1st quarter. Cetera Investment Advisers now owns 60,877 shares of the company’s stock valued at $1,187,000 after acquiring an additional 13,905 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Global X Cloud Computing ETF by 16.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 52,513 shares of the company’s stock valued at $1,194,000 after purchasing an additional 7,419 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Global X Cloud Computing ETF by 12.4% during the 1st quarter. Sanctuary Advisors LLC now owns 30,295 shares of the company’s stock valued at $591,000 after purchasing an additional 3,342 shares during the last quarter. Insight Advisors LLC PA grew its position in shares of Global X Cloud Computing ETF by 202.9% during the fourth quarter. Insight Advisors LLC PA now owns 22,019 shares of the company’s stock valued at $498,000 after purchasing an additional 43,427 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Global X Cloud Computing ETF by 13.7% in the first quarter. PNC Financial Services Group Inc. now owns 16,351 shares of the company’s stock worth $319,000 after purchasing an additional 1,967 shares during the last quarter.

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.