WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Sees Large Growth in Short Interest

Key Points

• WisdomTree Cloud Computing Fund (WCLD) experienced a significant increase in short interest, growing by 30.5% to 1,120,000 shares as of August 15th.
• Several hedge funds have recently boosted their holdings in WCLD, with CWM LLC and Smartleaf Asset Management LLC increasing theirs by 3.1% and 17.3% respectively during the second quarter.
• The fund has a current market capitalization of $365.02 million and shows a PE ratio of -15.68, with a one-year stock price range between $27.14 and $41.87.

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - ) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 1,120,000 shares, agrowthof30.5% from the July 31st total of 858,000 shares. Based on an average daily trading volume, of 174,500 shares, the days-to-cover ratio is currently 6.4 days. Based on an average daily trading volume, of 174,500 shares, the days-to-cover ratio is currently 6.4 days.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Several hedge funds and other institutional investors have recently modified their holdings of WCLD. CWM LLC increased its holdings in WisdomTree Cloud Computing Fund by 3.1% during the 2nd quarter. CWM LLC now owns 15,176 shares of the company's stock valued at $548,000 after purchasing an additional 456 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in WisdomTree Cloud Computing Fund by 0.8% during the 2nd quarter. Wealthfront Advisers LLC now owns 61,892 shares of the company's stock valued at $2,237,000 after purchasing an additional 461 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in WisdomTree Cloud Computing Fund by 17.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,428 shares of the company's stock valued at $158,000 after purchasing an additional 653 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in WisdomTree Cloud Computing Fund by 21.5% during the 1st quarter. Y.D. More Investments Ltd now owns 3,951 shares of the company's stock valued at $128,000 after purchasing an additional 700 shares in the last quarter. Finally, Byrne Financial Freedom LLC increased its holdings in WisdomTree Cloud Computing Fund by 0.8% during the 1st quarter. Byrne Financial Freedom LLC now owns 93,609 shares of the company's stock valued at $3,038,000 after purchasing an additional 729 shares in the last quarter.

WisdomTree Cloud Computing Fund Price Performance

WisdomTree Cloud Computing Fund stock opened at $36.32 on Tuesday. The company has a market capitalization of $365.02 million, a PE ratio of -15.68 and a beta of 1.09. WisdomTree Cloud Computing Fund has a one year low of $27.14 and a one year high of $41.87. The business has a 50 day simple moving average of $35.18 and a 200 day simple moving average of $34.43.

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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