Global X Cloud Computing ETF (NASDAQ:CLOU) Shares Up 0.6% – Still a Buy?

Global X Cloud Computing ETF (NASDAQ:CLOU)’s stock price was up 0.6% during mid-day trading on Wednesday . The company traded as high as $20.24 and last traded at $19.97. Approximately 366,216 shares changed hands during trading, an increase of 73% from the average daily volume of 211,825 shares. The stock had previously closed at $19.86.

Global X Cloud Computing ETF Trading Up 0.6%

The stock has a market cap of $219.47 million, a P/E ratio of 36.94 and a beta of 1.10. The company has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $22.10.

Institutional Trading of Global X Cloud Computing ETF

A number of institutional investors have recently made changes to their positions in CLOU. Founders Financial Alliance LLC acquired a new position in Global X Cloud Computing ETF during the third quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Global X Cloud Computing ETF in the fourth quarter valued at $32,000. International Assets Investment Management LLC acquired a new stake in Global X Cloud Computing ETF in the 4th quarter valued at $54,000. Advisory Services Network LLC acquired a new stake in Global X Cloud Computing ETF in the 3rd quarter valued at $65,000. Finally, Triumph Capital Management bought a new stake in Global X Cloud Computing ETF during the 3rd quarter worth about $74,000.

Global X Cloud Computing ETF Company Profile

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.