Global X Cloud Computing ETF (NASDAQ:CLOU) Sees Significant Growth in Short Interest

Global X Cloud Computing ETF (NASDAQ:CLOU) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 409,600 shares, an increase of 121.5% from the January 15th total of 184,900 shares. Based on an average daily volume of 212,900 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Global X Cloud Computing ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CLOU. Sanctuary Advisors LLC purchased a new stake in shares of Global X Cloud Computing ETF in the second quarter valued at about $410,000. CWM LLC boosted its holdings in shares of Global X Cloud Computing ETF by 8.0% in the third quarter. CWM LLC now owns 39,910 shares of the company’s stock valued at $820,000 after acquiring an additional 2,971 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Global X Cloud Computing ETF by 61.2% in 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 acquiring an additional 74,631 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Global X Cloud Computing ETF by 13.5% in the third quarter. HighTower Advisors LLC now owns 12,582 shares of the company’s stock valued at $257,000 after acquiring an additional 1,496 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Global X Cloud Computing ETF by 262.1% during the third quarter. Jane Street Group LLC now owns 99,402 shares of the company’s stock worth $2,043,000 after buying an additional 71,953 shares in the last quarter.

Global X Cloud Computing ETF Stock Performance

NASDAQ CLOU opened at $25.72 on Friday. The firm has a market cap of $374.74 million, a PE ratio of 46.16 and a beta of 0.98. Global X Cloud Computing ETF has a one year low of $17.79 and a one year high of $26.39. The firm’s fifty day moving average is $24.88 and its two-hundred day moving average is $22.32.

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.