WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Stock Price Down 2.8% - Time to Sell?

Key Points

• The WisdomTree Cloud Computing Fund (WCLD) experienced a 2.8% drop in its stock price during mid-day trading on Monday, closing at $32.53, down from a previous close of $33.48.
• Trading volume surged to 564,241 shares, marking a 199% increase from the average session volume of 188,870 shares.
• Several institutional investors, including Franklin Resources Inc. and Raymond James Financial Inc., have recently adjusted their stakes in WCLD, indicating potential shifts in investor confidence.

WisdomTree Cloud Computing Fund (NASDAQ:WCLD - Get Free Report) shares fell 2.8% during mid-day trading on Monday . The company traded as low as $32.48 and last traded at $32.53. 564,241 shares changed hands during mid-day trading, an increase of 199% from the average session volume of 188,870 shares. The stock had previously closed at $33.48.

WisdomTree Cloud Computing Fund Stock Up 0.9%

The stock has a fifty day moving average of $35.43 and a 200-day moving average of $35.17. The stock has a market capitalization of $336.57 million, a price-to-earnings ratio of -15.68 and a beta of 1.09.

Institutional Investors Weigh In On WisdomTree Cloud Computing Fund

Several large investors have recently modified their holdings of WCLD. North Star Investment Management Corp. purchased a new position in shares of WisdomTree Cloud Computing Fund in the second quarter valued at $59,000. Banque Transatlantique SA bought a new stake in shares of WisdomTree Cloud Computing Fund in the 1st quarter valued at approximately $87,000. Creative Financial Designs Inc. ADV grew its stake in 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 worth $98,000 after buying an additional 3,013 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of WisdomTree Cloud Computing Fund in the fourth quarter worth $120,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of WisdomTree Cloud Computing Fund in the first quarter worth $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.