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

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 - ) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 895,400 shares, agrowthof28,783.9% from the June 30th total of 3,100 shares. Based on an average daily trading volume, of 129,800 shares, the days-to-cover ratio is presently 6.9 days. Based on an average daily trading volume, of 129,800 shares, the days-to-cover ratio is presently 6.9 days.

WisdomTree Cloud Computing Fund Stock Down 2.8%

Shares of WisdomTree Cloud Computing Fund stock traded down $0.97 during trading hours on Friday, reaching $34.03. 201,580 shares of the company's stock were exchanged, compared to its average volume of 182,385. WisdomTree Cloud Computing Fund has a 1 year low of $27.14 and a 1 year high of $41.87. The company has a market capitalization of $341.96 million, a P/E ratio of -15.68 and a beta of 1.09. The business has a fifty day moving average of $35.83 and a two-hundred day moving average of $35.49.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. acquired a new position in shares of WisdomTree Cloud Computing Fund during the 2nd quarter valued at about $59,000. Banque Transatlantique SA acquired a new position in shares of WisdomTree Cloud Computing Fund during the 1st quarter valued at about $87,000. Creative Financial Designs Inc. ADV boosted its position in shares of WisdomTree Cloud Computing Fund by 43,042.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 3,020 shares of the company's stock valued at $98,000 after acquiring an additional 3,013 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of WisdomTree Cloud Computing Fund during the 4th quarter valued at about $120,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of WisdomTree Cloud Computing Fund during the 1st quarter valued at about $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.

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