WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Up 1.2% - What's Next?

Key Points

• WCLD shares rose 1.2% to $45.28, reaching an intraday high of $45.55. Trading volume was approximately 532,868 shares, 46% below the average daily volume.
• The fund has a market capitalization of $330.54 million, a negative price-to-earnings ratio of -15.68, and trades above both its 50-day and 200-day moving averages.
• Several institutional investors recently increased or initiated positions, including Rockefeller Capital Management, Lodestar Private Asset Management, and Renaissance Technologies. WCLD tracks an equal-weighted index of U.S. cloud software and services companies.

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - ) shares traded up 1.2% on Thursday. The stock traded as high as $45.55 and last traded at $45.28. Approximately 532,868 shares traded hands during trading, a decline of 46% from the average daily volume of 982,475 shares. The stock had previously closed at $44.73.

WisdomTree Cloud Computing Fund Stock Up 1.2%

The company has a market capitalization of $330.54 million, a price-to-earnings ratio of -15.68 and a beta of 1.10. The stock's fifty day moving average price is $41.39 and its 200-day moving average price is $34.93.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its stake in WisdomTree Cloud Computing Fund by 312.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,406 shares of the company's stock valued at $49,000 after buying an additional 1,065 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in WisdomTree Cloud Computing Fund during the 3rd quarter worth about $232,000. Capital Square LLC acquired a new position in shares of WisdomTree Cloud Computing Fund during the 2nd quarter worth about $325,000. Lodestar Private Asset Management LLC boosted its stake in shares of WisdomTree Cloud Computing Fund by 125.2% during the 1st quarter. Lodestar Private Asset Management LLC now owns 13,103 shares of the company's stock worth $358,000 after buying an additional 7,285 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of WisdomTree Cloud Computing Fund during the 1st quarter worth about $519,000.

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.

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