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

Global X Cloud Computing ETF (NASDAQ:CLOUGet Rating) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 1,180,000 shares, a decrease of 28.5% from the June 30th total of 1,650,000 shares. Based on an average trading volume of 681,600 shares, the short-interest ratio is presently 1.7 days.

Global X Cloud Computing ETF Stock Performance

Shares of CLOU stock opened at $17.38 on Friday. The company’s 50-day simple moving average is $17.13 and its two-hundred day simple moving average is $19.57. Global X Cloud Computing ETF has a one year low of $15.50 and a one year high of $32.37.

Hedge Funds Weigh In On Global X Cloud Computing ETF

A number of hedge funds have recently added to or reduced their stakes in CLOU. Spinnaker Trust grew its stake in Global X Cloud Computing ETF by 7.3% in the 4th quarter. Spinnaker Trust now owns 45,542 shares of the company’s stock worth $1,208,000 after acquiring an additional 3,079 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Global X Cloud Computing ETF by 45.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 135,378 shares of the company’s stock valued at $3,590,000 after purchasing an additional 42,234 shares in the last quarter. Covestor Ltd bought a new position in shares of Global X Cloud Computing ETF during the fourth quarter valued at approximately $83,000. Main Management LLC boosted its stake in shares of Global X Cloud Computing ETF by 18.3% during the fourth quarter. Main Management LLC now owns 8,935 shares of the company’s stock valued at $237,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its stake in shares of Global X Cloud Computing ETF by 22.3% during the fourth quarter. Flow Traders U.S. LLC now owns 65,060 shares of the company’s stock valued at $1,725,000 after purchasing an additional 11,881 shares in the last quarter.

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