Short Interest in WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Declines By 39.0%

Key Points

• Short interest in the WisdomTree Cloud Computing Fund (NASDAQ:WCLD) decreased by 39.0% in August, bringing the total to 683,700 shares.
• The stock is currently trading at $35.62, down 1.3%, with a market cap of approximately $357.98 million.
• Several institutional investors have increased their stakes, including Curi RMB Capital LLC, which lifted its position by 40.9% during the first quarter.

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - ) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 683,700 shares, a decrease of 39.0% from the August 15th total of 1,120,000 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily volume of 194,100 shares, the days-to-cover ratio is currently 3.5 days. Based on an average daily volume of 194,100 shares, the days-to-cover ratio is currently 3.5 days. Currently, 6.8% of the shares of the stock are sold short.

WisdomTree Cloud Computing Fund Stock Down 1.3%

WCLD opened at $35.62 on Monday. The stock has a market cap of $357.98 million, a PE ratio of -15.68 and a beta of 1.09. WisdomTree Cloud Computing Fund has a 52 week low of $27.14 and a 52 week high of $41.87. The business's fifty day simple moving average is $35.15 and its 200 day simple moving average is $34.40.

Institutional Trading of WisdomTree Cloud Computing Fund

A number of institutional investors have recently modified their holdings of WCLD. Curi RMB Capital LLC lifted its stake in shares of WisdomTree Cloud Computing Fund by 40.9% in the 1st quarter. Curi RMB Capital LLC now owns 527,580 shares of the company's stock valued at $17,120,000 after purchasing an additional 153,268 shares during the period. OLD National Bancorp IN bought a new stake in shares of WisdomTree Cloud Computing Fund during the second quarter valued at approximately $4,664,000. Curi Capital LLC grew its position in WisdomTree Cloud Computing Fund by 13.5% in the 2nd quarter. Curi Capital LLC now owns 598,972 shares of the company's stock worth $21,647,000 after purchasing an additional 71,392 shares during the period. Ieq Capital LLC grew its position in WisdomTree Cloud Computing Fund by 42.1% in the 1st quarter. Ieq Capital LLC now owns 205,840 shares of the company's stock worth $6,680,000 after purchasing an additional 60,949 shares during the period. Finally, Two Sigma Investments LP bought a new stake in WisdomTree Cloud Computing Fund in the 4th quarter worth approximately $1,894,000.

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.

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