WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Sees Strong Trading Volume

Shares of WisdomTree Cloud Computing Fund (NASDAQ:WCLD) saw unusually-strong trading volume on Tuesday . Approximately 215,697 shares were traded during trading, a decline of 11% from the previous session’s volume of 242,052 shares.The stock last traded at $29.77 and had previously closed at $28.56.

WisdomTree Cloud Computing Fund Stock Performance

The firm has a 50 day simple moving average of $29.20 and a two-hundred day simple moving average of $30.42. The stock has a market cap of $651.27 million, a P/E ratio of -15.68 and a beta of 1.09.

Institutional Trading of WisdomTree Cloud Computing Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in WCLD. Bank of Montreal Can raised its position in shares of WisdomTree Cloud Computing Fund by 21.4% during the 1st quarter. Bank of Montreal Can now owns 19,488 shares of the company’s stock worth $833,000 after buying an additional 3,432 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of WisdomTree Cloud Computing Fund by 20.6% in the 1st quarter. Vontobel Holding Ltd. now owns 9,167 shares of the company’s stock worth $375,000 after buying an additional 1,568 shares in the last quarter. Blair William & Co. IL raised its stake in shares of WisdomTree Cloud Computing Fund by 677.1% in the 1st quarter. Blair William & Co. IL now owns 7,483 shares of the company’s stock worth $306,000 after buying an additional 6,520 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of WisdomTree Cloud Computing Fund by 6.2% in the 1st quarter. Cetera Investment Advisers now owns 54,480 shares of the company’s stock worth $2,228,000 after buying an additional 3,183 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of WisdomTree Cloud Computing Fund in the 1st quarter worth $213,000.

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.