WisdomTree Cloud Computing Fund (NASDAQ:WCLD) Trading Up 2% – Time to Buy?

WisdomTree Cloud Computing Fund (NASDAQ:WCLD)’s stock price rose 2% during mid-day trading on Monday . The stock traded as high as $33.20 and last traded at $33.02. Approximately 1,389,617 shares traded hands during mid-day trading, an increase of 172% from the average daily volume of 511,451 shares. The stock had previously closed at $32.37.

WisdomTree Cloud Computing Fund Trading Up 2.0%

The company has a 50 day moving average price of $34.33 and a 200 day moving average price of $34.90. The company has a market capitalization of $254.91 million, a P/E ratio of -15.68 and a beta of 1.17.

Hedge Funds Weigh In On WisdomTree Cloud Computing Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new position in shares of WisdomTree Cloud Computing Fund in the fourth quarter valued at $63,000. Smartleaf Asset Management LLC boosted its holdings in shares of WisdomTree Cloud Computing Fund by 17.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,428 shares of the company’s stock worth $158,000 after buying an additional 653 shares during the period. Y.D. More Investments Ltd boosted its holdings in shares of WisdomTree Cloud Computing Fund by 32.9% during the 2nd quarter. Y.D. More Investments Ltd now owns 5,251 shares of the company’s stock worth $190,000 after buying an additional 1,300 shares during the period. Creative Financial Designs Inc. ADV grew its stake in WisdomTree Cloud Computing Fund by 85.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 5,600 shares of the company’s stock valued at $202,000 after buying an additional 2,580 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in WisdomTree Cloud Computing Fund in the 3rd quarter valued at about $207,000.

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.