WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Shares Up 1.2% - Should You Buy?

Key Points

• The WisdomTree Cloud Computing Fund (WCLD) saw a **1.2% increase** in share price, trading at $35.55 with a volume of **1,263,204 shares**, a significant rise from the average of 220,541 shares.
• The fund, with a market capitalization of **$316.40 million**, has a **P/E ratio of -15.68**, indicating it is currently operating at a loss.
• Institutional investors have shown increasing interest, with several firms, such as CWM LLC and Smartleaf Asset Management LLC, boosting their positions in the fund during the second quarter.

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - )'s stock price shot up 1.2% during trading on Monday . The stock traded as high as $36.14 and last traded at $35.55. 1,263,204 shares were traded during trading, an increase of 473% from the average session volume of 220,541 shares. The stock had previously closed at $35.13.

WisdomTree Cloud Computing Fund Stock Up 1.2%

The firm's 50-day moving average price is $35.11 and its 200 day moving average price is $34.60. The company has a market capitalization of $316.40 million, a P/E ratio of -15.68 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its position in WisdomTree Cloud Computing Fund by 3.1% in the 2nd quarter. CWM LLC now owns 15,176 shares of the company's stock worth $548,000 after purchasing an additional 456 shares in the last quarter. Wealthfront Advisers LLC grew its position in WisdomTree Cloud Computing Fund by 0.8% in the 2nd quarter. Wealthfront Advisers LLC now owns 61,892 shares of the company's stock worth $2,237,000 after purchasing an additional 461 shares in the last quarter. Smartleaf Asset Management LLC grew its position in WisdomTree Cloud Computing Fund by 17.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,428 shares of the company's stock worth $158,000 after purchasing an additional 653 shares in the last quarter. Y.D. More Investments Ltd grew its position in WisdomTree Cloud Computing Fund by 21.5% in the 1st quarter. Y.D. More Investments Ltd now owns 3,951 shares of the company's stock worth $128,000 after purchasing an additional 700 shares in the last quarter. Finally, Byrne Financial Freedom LLC grew its position in WisdomTree Cloud Computing Fund by 0.8% in the 1st quarter. Byrne Financial Freedom LLC now owns 93,609 shares of the company's stock worth $3,038,000 after purchasing an additional 729 shares in the last quarter.

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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