Global X Cloud Computing ETF (NASDAQ:CLOU) Trading Down 0.4% – Here’s What Happened

Global X Cloud Computing ETF (NASDAQ:CLOU) dropped 0.4% during trading on Friday . The stock traded as low as $23.77 and last traded at $24.14. Approximately 224,179 shares traded hands during trading, a decline of 12% from the average session volume of 256,050 shares. The stock had previously closed at $24.23.

Global X Cloud Computing ETF Price Performance

The company has a market cap of $234.16 million, a PE ratio of 36.94 and a beta of 1.08. The stock’s 50-day moving average is $23.08 and its 200 day moving average is $21.23.

Institutional Trading of Global X Cloud Computing ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Global X Cloud Computing ETF during the 4th quarter valued at about $32,000. International Assets Investment Management LLC acquired a new stake in Global X Cloud Computing ETF in the fourth quarter worth about $54,000. Advisory Services Network LLC purchased a new stake in shares of Global X Cloud Computing ETF during the third quarter worth about $65,000. Triumph Capital Management purchased a new stake in shares of Global X Cloud Computing ETF during the third quarter worth about $74,000. Finally, Sei Investments Co. acquired a new position in shares of Global X Cloud Computing ETF during the second quarter valued at about $209,000.

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.