WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Up 0.5% - Here's Why

Key Points

• WCLD rose 0.5% to $27.46 on Wednesday (intraday high $27.76) with about 1,053,789 shares traded, roughly 13% below its average daily volume.
• The ETF has a market cap of $231.49 million, a negative P/E of -15.68 and a beta of 1.17, and is trading below its 50‑day ($28.47) and 200‑day ($32.66) moving averages.
• Institutional investors boosted positions recently, notably Curi Capital (+13.5% to 598,972 shares), JPMorgan Chase (+2.9% to 234,441 shares) and Bank of America (+81.6% to 66,091 shares).

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - )'s stock price was up 0.5% during trading on Wednesday . The company traded as high as $27.76 and last traded at $27.46. Approximately 1,053,789 shares traded hands during trading, a decline of 13% from the average daily volume of 1,214,224 shares. The stock had previously closed at $27.32.

WisdomTree Cloud Computing Fund Trading Up 0.5%

The business's fifty day simple moving average is $28.47 and its 200-day simple moving average is $32.66. The firm has a market cap of $231.49 million, a P/E ratio of -15.68 and a beta of 1.17.

Institutional Trading of WisdomTree Cloud Computing Fund

Several large investors have recently modified their holdings of the business. Curi Capital LLC increased its holdings in WisdomTree Cloud Computing Fund by 13.5% during the 2nd quarter. Curi Capital LLC now owns 598,972 shares of the company's stock valued at $21,647,000 after purchasing an additional 71,392 shares during the period. JPMorgan Chase & Co. lifted its holdings in WisdomTree Cloud Computing Fund by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 234,441 shares of the company's stock worth $8,245,000 after buying an additional 6,633 shares during the period. Clearwater Capital Advisors LLC grew its position in shares of WisdomTree Cloud Computing Fund by 4.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 218,956 shares of the company's stock worth $7,666,000 after buying an additional 9,005 shares during the last quarter. Byrne Financial Freedom LLC grew its position in shares of WisdomTree Cloud Computing Fund by 7.3% in the 4th quarter. Byrne Financial Freedom LLC now owns 118,958 shares of the company's stock worth $4,165,000 after buying an additional 8,075 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of WisdomTree Cloud Computing Fund by 81.6% during the third quarter. Bank of America Corp DE now owns 66,091 shares of the company's stock valued at $2,324,000 after buying an additional 29,694 shares during the period.

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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