WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 597,000 shares, a growth of 22.5% from the February 28th total of 487,300 shares. Currently, 4.9% of the company's stock are sold short. Based on an average daily volume of 209,200 shares, the short-interest ratio is currently 2.9 days.
Hedge Funds Weigh In On WisdomTree Cloud Computing Fund
Several hedge funds have recently bought and sold shares of WCLD. Curi RMB Capital LLC purchased a new stake in WisdomTree Cloud Computing Fund in the fourth quarter worth approximately $14,044,000. Stonebridge Financial Group LLC bought a new stake in WisdomTree Cloud Computing Fund during the fourth quarter worth about $12,270,000. Summit Trail Advisors LLC increased its position in WisdomTree Cloud Computing Fund by 24.1% during the 4th quarter. Summit Trail Advisors LLC now owns 255,743 shares of the company's stock valued at $9,595,000 after buying an additional 49,719 shares in the last quarter. Raymond James Financial Inc. bought a new stake in WisdomTree Cloud Computing Fund in the fourth quarter worth $5,663,000. Finally, Ieq Capital LLC grew its position in WisdomTree Cloud Computing Fund by 36.7% during the 4th 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 during the last quarter.
WisdomTree Cloud Computing Fund Stock Down 5.7 %
WCLD traded down $1.76 during trading on Friday, hitting $29.01. 487,967 shares of the company traded hands, compared to its average volume of 178,493. The firm has a market cap of $353.92 million, a P/E ratio of -15.68 and a beta of 1.09. The stock's fifty day moving average is $36.63 and its 200 day moving average is $36.37. WisdomTree Cloud Computing Fund has a one year low of $27.78 and a one year high of $41.87.
About WisdomTree Cloud Computing Fund
(
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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.
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