Short Interest in WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Grows By 28,783.9%

Key Points

• Short interest in WisdomTree Cloud Computing Fund (WCLD) surged by 28,783.9% in July, with total short interest reaching 895,400 shares as of July 15th.
• Shares of WCLD dropped 2.8%, trading at $34.03 with a market capitalization of approximately $341.96 million.
• Several institutional investors acquired positions in the fund recently, with Creative Financial Designs Inc. ADV boosting its holdings by 43,042.9% in the first quarter.

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 895,400 shares, anincreaseof28,783.9% from the June 30th total of 3,100 shares. Based on an average daily volume of 129,800 shares, the days-to-cover ratio is currently 6.9 days. Based on an average daily volume of 129,800 shares, the days-to-cover ratio is currently 6.9 days.

WisdomTree Cloud Computing Fund Stock Performance

WisdomTree Cloud Computing Fund stock traded down $0.19 during trading hours on Tuesday, reaching $34.56. 100,605 shares of the stock were exchanged, compared to its average volume of 181,251. The stock has a market cap of $347.28 million, a P/E 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 firm's 50 day moving average is $35.79 and its 200 day moving average is $35.41.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

A number of large investors have recently bought and sold shares of the company. North Star Investment Management Corp. acquired a new stake in shares of WisdomTree Cloud Computing Fund during the 2nd quarter worth about $59,000. Banque Transatlantique SA bought a new stake in shares of WisdomTree Cloud Computing Fund in the first quarter worth $87,000. Creative Financial Designs Inc. ADV boosted its holdings in 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 worth $98,000 after purchasing an additional 3,013 shares during the period. Mascagni Wealth Management Inc. acquired a new position in shares of WisdomTree Cloud Computing Fund during the fourth quarter valued at $120,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of WisdomTree Cloud Computing Fund during the first quarter valued at about $127,000.

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.