WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Down 2% – Here’s Why

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) fell 2% during mid-day trading on Tuesday . The stock traded as low as $27.14 and last traded at $27.64. 1,114,707 shares were traded during trading, an increase of 28% from the average session volume of 871,962 shares. The stock had previously closed at $28.19.

WisdomTree Cloud Computing Fund Trading Down 2.0%

The company has a market cap of $228.58 million, a PE ratio of -15.68 and a beta of 1.17. The firm’s 50-day simple moving average is $32.65 and its two-hundred day simple moving average is $34.13.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd increased its stake in shares of WisdomTree Cloud Computing Fund by 8.6% in the 3rd quarter. Y.D. More Investments Ltd now owns 5,701 shares of the company’s stock worth $200,000 after acquiring an additional 450 shares during the last quarter. CWM LLC lifted its holdings in shares of WisdomTree Cloud Computing Fund by 3.1% in the 2nd quarter. CWM LLC now owns 15,176 shares of the company’s stock worth $548,000 after acquiring an additional 456 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of WisdomTree Cloud Computing Fund by 0.8% during the second quarter. Wealthfront Advisers LLC now owns 61,892 shares of the company’s stock worth $2,237,000 after buying an additional 461 shares during the period. Smartleaf Asset Management LLC grew its position in WisdomTree Cloud Computing Fund by 17.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,428 shares of the company’s stock valued at $158,000 after acquiring an additional 653 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in WisdomTree Cloud Computing Fund by 6.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 12,882 shares of the company’s stock worth $451,000 after buying an additional 737 shares in the last quarter.

WisdomTree Cloud Computing Fund Company Profile

The WisdomTree Cloud Computing Fund (WCLD) is an exchange-traded fund that is based on the BVP Nasdaq Emerging Cloud index. The fund tracks and index of US companies primarily focused on cloud software and services. Stocks are equal weighted in the index. WCLD was launched on Sep 6, 2019 and is managed by WisdomTree.