WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Sees Significant Decline in Short Interest

WisdomTree Cloud Computing Fund (NASDAQ:WCLD) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 432,700 shares, a decrease of 17.9% from the December 31st total of 527,200 shares. Based on an average daily trading volume, of 152,300 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of WisdomTree Cloud Computing Fund

Several hedge funds and other institutional investors have recently bought and sold shares of WCLD. Summit Trail Advisors LLC increased its holdings in shares of WisdomTree Cloud Computing Fund by 24.1% during the fourth quarter. Summit Trail Advisors LLC now owns 255,743 shares of the company’s stock worth $9,595,000 after purchasing an additional 49,719 shares during the period. Insight Advisors LLC PA increased its stake in WisdomTree Cloud Computing Fund by 19.2% during the 4th quarter. Insight Advisors LLC PA now owns 8,138 shares of the company’s stock worth $307,000 after acquiring an additional 1,311 shares during the period. Y.D. More Investments Ltd raised its holdings in WisdomTree Cloud Computing Fund by 170.9% in the 4th quarter. Y.D. More Investments Ltd now owns 3,251 shares of the company’s stock valued at $122,000 after acquiring an additional 2,051 shares in the last quarter. Milestone Asset Management LLC lifted its position in shares of WisdomTree Cloud Computing Fund by 5.9% during the 4th quarter. Milestone Asset Management LLC now owns 11,191 shares of the company’s stock valued at $420,000 after acquiring an additional 623 shares during the period. Finally, Joseph P. Lucia & Associates LLC lifted its position in shares of WisdomTree Cloud Computing Fund by 9.8% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 34,881 shares of the company’s stock valued at $1,309,000 after acquiring an additional 3,127 shares during the period.

WisdomTree Cloud Computing Fund Stock Performance

WCLD opened at $40.58 on Monday. The stock has a fifty day moving average of $39.11 and a 200-day moving average of $34.78. The company has a market capitalization of $489.80 million, a P/E ratio of -15.68 and a beta of 1.09. WisdomTree Cloud Computing Fund has a fifty-two week low of $27.78 and a fifty-two week high of $41.87.

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.