WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Short Interest Update

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 - Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 1,120,000 shares, a growth of 30.5% from the July 31st total of 858,000 shares. Based on an average daily volume of 174,500 shares, the short-interest ratio is presently 6.4 days. Based on an average daily volume of 174,500 shares, the short-interest ratio is presently 6.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP purchased a new stake in shares of WisdomTree Cloud Computing Fund during the 4th quarter valued at $1,894,000. GTS Securities LLC lifted its position in shares of WisdomTree Cloud Computing Fund by 33.6% in the 4th quarter. GTS Securities LLC now owns 9,164 shares of the company's stock valued at $344,000 after acquiring an additional 2,306 shares in the last quarter. Armis Advisers LLC bought a new position in shares of WisdomTree Cloud Computing Fund during the 4th quarter valued at $544,000. Mascagni Wealth Management Inc. acquired a new stake in WisdomTree Cloud Computing Fund in the 4th quarter worth $120,000. Finally, StoneCrest Wealth Management Inc. lifted its holdings in shares of WisdomTree Cloud Computing Fund by 2.9% during the 1st quarter. StoneCrest Wealth Management Inc. now owns 95,861 shares of the company's stock worth $3,111,000 after acquiring an additional 2,722 shares during the period.

WisdomTree Cloud Computing Fund Stock Performance

Shares of WCLD stock traded down $0.47 during mid-day trading on Friday, hitting $35.62. 207,658 shares of the stock were exchanged, compared to its average volume of 196,845. The stock's fifty day simple moving average is $35.15 and its two-hundred day simple moving average is $34.42. The stock has a market capitalization of $357.98 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 $27.14 and a 12-month high of $41.87.

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.