WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading 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 - ) fell 2.8% during mid-day trading on Monday . The stock traded as low as $32.48 and last traded at $32.53. 564,241 shares were traded during 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 Performance

The company has a 50-day simple moving average of $35.62 and a 200-day simple moving average of $35.24. The company has a market cap of $326.93 million, a price-to-earnings ratio of -15.68 and a beta of 1.09.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in shares of WisdomTree Cloud Computing Fund by 3.0% during the 4th quarter. Franklin Resources Inc. now owns 25,167 shares of the company's stock worth $944,000 after acquiring an additional 730 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of WisdomTree Cloud Computing Fund by 14.6% during the 4th quarter. Advisory Services Network LLC now owns 7,874 shares of the company's stock worth $295,000 after acquiring an additional 1,006 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth approximately $5,663,000. Marshall Wace LLP purchased a new stake in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth approximately $786,000. Finally, Curi RMB Capital LLC purchased a new stake in shares of WisdomTree Cloud Computing Fund during the 4th quarter worth approximately $14,044,000.

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.

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