WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 432,700 shares, a drop of 17.9% from the December 31st total of 527,200 shares. Based on an average daily volume of 152,300 shares, the days-to-cover ratio is currently 2.8 days.
Institutional Trading of WisdomTree Cloud Computing Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of WCLD. Stonebridge Financial Group LLC purchased a new position in shares of WisdomTree Cloud Computing Fund in the 4th quarter valued at about $12,270,000. Summit Trail Advisors LLC lifted its stake in WisdomTree Cloud Computing Fund by 24.1% during the fourth quarter. Summit Trail Advisors LLC now owns 255,743 shares of the company's stock worth $9,595,000 after purchasing an additional 49,719 shares during the last quarter. Ieq Capital LLC boosted its holdings in WisdomTree Cloud Computing Fund by 36.7% in the fourth quarter. Ieq Capital LLC now owns 144,891 shares of the company's stock valued at $5,436,000 after purchasing an additional 38,910 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 purchasing an additional 1,038 shares during the last quarter. Finally, StoneCrest Wealth Management Inc. raised its holdings in WisdomTree Cloud Computing Fund by 139.2% during the fourth quarter. StoneCrest Wealth Management Inc. now owns 93,139 shares of the company's stock worth $3,495,000 after purchasing an additional 54,198 shares in the last quarter.
WisdomTree Cloud Computing Fund Price Performance
Shares of WisdomTree Cloud Computing Fund stock traded up $0.37 during trading on Tuesday, hitting $40.76. 252,394 shares of the stock were exchanged, compared to its average volume of 229,872. The firm's 50-day moving average price is $39.11 and its 200 day moving average price is $34.86. The stock has a market cap of $494.42 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. WisdomTree Cloud Computing Fund has a 12-month low of $27.78 and a 12-month high of $41.87.
WisdomTree Cloud Computing Fund Company Profile
(
Get Free Report)
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.
See Also
Before you consider WisdomTree Cloud Computing Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WisdomTree Cloud Computing Fund wasn't on the list.
While WisdomTree Cloud Computing Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
