The Global X Cloud Computing ETF (NASDAQ:CLOU – Get Rating) saw a significant drop in short interest rates in December. As of December 15, 536,300 shares were short-sold, down 25.9% from the November 30 total of 724,200 shares. Based on an average trading volume of 364,100 shares, the current short-term interest rate is 1.5 days.
Institutional Investors Consider Global X Cloud Computing ETF
Recently, many institutional investors have increased or decreased their stake in CLOU. Millennium Management LLC increased its Global X Cloud Computing ETF holdings by 476.2% in the second quarter. He now owns 506,542 shares of Millennium Management LLC worth $8,353,000 after he purchased an additional 418,635 shares last quarter. Bank of America Corp DE increased its Global X Cloud Computing ETF holdings by 65.2% in the first quarter. Bank of America Corp DE now owns 955,046 shares of the company worth $21,001,000 after purchasing an additional 376,774 shares last quarter. Ulrich Consultants & Investment Group LLC purchased new shares in the Global X Cloud Computing ETF for approximately $5,325,000 in the second quarter. Jane Street Group LLC increased its Global X Cloud Computing ETF holdings by 6,767.6% in the second quarter. Jane Street Group LLC owns 272,577 shares of the company worth $4,495,000 after purchasing an additional 268,608 shares in the previous quarter. Finally, First Republic Investment Management Inc. purchased new shares in the Global X Cloud Computing ETF for approximately $3,053,000 in the second quarter.
Global X Cloud Computing ETF Stock Performance
CLOU shares opened at $16.03 on Friday. The Global X Cloud Computing ETF hit a 52-week low of $14.34 and a 52-week high of $26.89. The stock has a 50-day moving average price of $16.12 and a 200-day moving average price of $16.71.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to [email protected].
Listen to this before you consider the Global X Cloud Computing ETF.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and the Global X Cloud Computing ETF is It wasn’t on the list.
The Global X Cloud Computing ETF currently has a ‘hold’ rating among analysts, but the top rated analysts believe these five stocks are better buys.
See 5 stocks here