WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Down 2% - Here's What Happened

Key Points

• The WisdomTree Cloud Computing Fund (NASDAQ:WCLD) experienced a 2% drop in stock price during trading, falling to $35.06 from a previous close of $35.76.
• Institutional investors showed increased interest, with Curi Capital LLC boosting its stake by 13.5% and Ieq Capital LLC raising its holdings by 42.1% in the recent quarters.
• The fund, launched in 2019, tracks US companies focused on cloud software and services and has a market cap of approximately $352.35 million.

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report) fell 2% on Tuesday . The stock traded as low as $34.68 and last traded at $35.06. 159,198 shares were traded during trading, a decline of 19% from the average session volume of 195,719 shares. The stock had previously closed at $35.76.

WisdomTree Cloud Computing Fund Stock Up 2.4%

The firm has a 50-day moving average of $35.18 and a two-hundred day moving average of $34.47. The company has a market capitalization of $359.49 million, a PE ratio of -15.68 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WCLD. North Star Investment Management Corp. purchased a new position in WisdomTree Cloud Computing Fund during the second quarter valued at approximately $59,000. Banque Transatlantique SA purchased a new stake in shares of WisdomTree Cloud Computing Fund in the first quarter valued at approximately $87,000. Creative Financial Designs Inc. ADV increased its position in shares of WisdomTree Cloud Computing Fund by 43,042.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 3,020 shares of the company's stock valued at $98,000 after buying an additional 3,013 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of WisdomTree Cloud Computing Fund in the fourth quarter valued at approximately $120,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of WisdomTree Cloud Computing Fund in the first quarter valued at approximately $127,000.

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.