Short Interest in Global X Cloud Computing ETF (NASDAQ:CLOU) Grows By 42.3%

Global X Cloud Computing ETF (NASDAQ:CLOU) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 247,000 shares, an increase of 42.3% from the October 15th total of 173,600 shares. Based on an average trading volume of 193,200 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Global X Cloud Computing ETF

A number of large investors have recently bought and sold shares of CLOU. Jane Street Group LLC boosted its stake in Global X Cloud Computing ETF by 262.1% in the third quarter. Jane Street Group LLC now owns 99,402 shares of the company’s stock valued at $2,043,000 after acquiring an additional 71,953 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Global X Cloud Computing ETF by 13.5% during the third quarter. HighTower Advisors LLC now owns 12,582 shares of the company’s stock worth $257,000 after buying an additional 1,496 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Global X Cloud Computing ETF by 61.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,512 shares of the company’s stock valued at $4,050,000 after purchasing an additional 74,631 shares during the period. CWM LLC lifted its position in Global X Cloud Computing ETF by 8.0% during the third quarter. CWM LLC now owns 39,910 shares of the company’s stock valued at $820,000 after purchasing an additional 2,971 shares during the period. Finally, Dynamic Advisor Solutions LLC acquired a new position in Global X Cloud Computing ETF during the third quarter valued at $954,000.

Global X Cloud Computing ETF Trading Down 2.3 %

Shares of NASDAQ CLOU traded down $0.53 during trading hours on Friday, hitting $22.70. 121,071 shares of the company traded hands, compared to its average volume of 243,324. The stock has a market capitalization of $352.53 million, a price-to-earnings ratio of 46.16 and a beta of 0.98. The company’s 50 day moving average price is $20.89 and its 200 day moving average price is $20.11. Global X Cloud Computing ETF has a 12 month low of $17.79 and a 12 month high of $23.90.

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.