Short Interest in WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Drops By 13.7%

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 466,800 shares, a decrease of 13.7% from the November 30th total of 540,900 shares. Based on an average daily volume of 122,000 shares, the days-to-cover ratio is presently 3.8 days.

WisdomTree Cloud Computing Fund Stock Down 1.4 %

Shares of WCLD stock traded down $0.54 on Monday, reaching $37.72. The company's stock had a trading volume of 72,926 shares, compared to its average volume of 221,609. WisdomTree Cloud Computing Fund has a 12-month low of $27.78 and a 12-month high of $41.87. The stock's 50 day simple moving average is $37.53 and its 200-day simple moving average is $33.48. The company has a market capitalization of $461.32 million, a P/E ratio of -15.68 and a beta of 1.09.

Institutional Trading of WisdomTree Cloud Computing Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. increased its holdings in shares of WisdomTree Cloud Computing Fund by 4.3% in the 3rd quarter. Franklin Resources Inc. now owns 24,437 shares of the company's stock worth $812,000 after buying an additional 1,000 shares during the last quarter. International Assets Investment Management LLC grew its position in WisdomTree Cloud Computing Fund by 3,096.3% in the third quarter. International Assets Investment Management LLC now owns 5,114 shares of the company's stock worth $160,000 after acquiring an additional 4,954 shares in the last quarter. Raymond James & Associates increased its stake in WisdomTree Cloud Computing Fund by 0.8% in the third quarter. Raymond James & Associates now owns 134,775 shares of the company's stock valued at $4,307,000 after acquiring an additional 1,038 shares during the last quarter. StoneCrest Wealth Management Inc. purchased a new stake in WisdomTree Cloud Computing Fund during the third quarter valued at about $1,245,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in WisdomTree Cloud Computing Fund by 19.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,547 shares of the company's stock worth $112,000 after purchasing an additional 587 shares during 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.