WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Up 0.2% – Here’s Why

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s share price traded up 0.2% on Wednesday . The company traded as high as $29.51 and last traded at $28.84. 1,138,846 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 1,175,082 shares. The stock had previously closed at $28.79.

WisdomTree Cloud Computing Fund Stock Up 0.0%

The company’s 50 day simple moving average is $30.11 and its 200-day simple moving average is $33.43. The firm has a market cap of $233.88 million, a P/E ratio of -15.68 and a beta of 1.17.

Institutional Trading of WisdomTree Cloud Computing Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of WCLD. Quadrature Capital Ltd purchased a new stake in shares of WisdomTree Cloud Computing Fund during the fourth quarter valued at $915,000. Trexquant Investment LP purchased a new position in WisdomTree Cloud Computing Fund in the 4th quarter worth about $209,000. Osaic Holdings Inc. increased its stake in WisdomTree Cloud Computing Fund by 9.9% in the 4th quarter. Osaic Holdings Inc. now owns 16,555 shares of the company’s stock worth $580,000 after buying an additional 1,490 shares during the period. Arax Advisory Partners bought a new stake in WisdomTree Cloud Computing Fund during the 4th quarter valued at about $614,000. Finally, Kestra Advisory Services LLC bought a new stake in WisdomTree Cloud Computing Fund during the 4th quarter valued at about $66,000.

About WisdomTree Cloud Computing Fund

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.