Throughout November, there was a noticeable increase in the number of short positions held in the Global X Cloud Computing ETF (NASDAQ: CLOU). A total of 616,100 shares were available for short selling the previous day. Yet, as of November 30, there were a total of 724,200 shares available for short sale, representing a 17.5% increase from the total number of shares available for short sale the previous day. The number of days needed to cover an area is currently 2.0 days. This figure was obtained by considering that the daily volume of stock transactions is, on average, 356,000.
In recent months, several CLOU hedge funds and institutional investors have changed the stakes they previously held in the company. Millennium Management LLC’s investment portfolio saw a 476.2% increase in the value of its holdings in the Global X Cloud Computing ETF during the second quarter. Millennium Management LLC increased its stake in the company by purchasing an additional 418,635 shares in two months, bringing the total value of its holdings to $8,353,000 at this point. During the first three months of 2016, Bank of America Corp. (DE) saw a 65.2% increase in the proportion of its holdings that were allocated to the Global X Cloud Computing ETF. Bank of America Corp. (DE) now owns a total of 955,046 shares of the company, which equates to a value of $21,016,000 following the acquisition of 376,774 additional shares during this period. These shares were obtained gradually throughout the period. Ulrich Consultants & Investment Group LLC contributed $5,325,000 to the Global X Cloud Computing ETF during the second quarter. This investment was made possible by the company’s decision to purchase shares in the fund. The value of Jane Street Group LLC’s holdings in the Global X Cloud Computing ETF increased in the second quarter by 6,767.6% more than in the previous quarter. During the month, Jane Street Group LLC purchased an additional 268,608 shares of the company, bringing the total number of shares held in the company to 272,577, which are worth $4,495,000. This brings the total number of shares held in the company to 272,577. The beneficiary of this investment was the Global X Cloud Computing ETF, which received a contribution of $3,053,000 from First Republic Investment Management Inc. during the second trimester.
On Thursday, the price of a share of CLOU fell $0.61, taking it to a new low of $16.40. It was the first time he had reached this level. The company’s average stock trading volume is 646,764 shares, but only 392,644 shares changed hands today. This is a significant decrease in volume. A year ago, the highest price ever for the Global X Cloud Computing ETF was $27.62; a year ago, its lowest price was $14.34. These two prices have been taken into account. Additionally, the company’s stock price has averaged $16.06 over the past 50 days and $16.86 over the past 200 days.