Themes Cloud Computing ETF (CLOD)
Themes Cloud Computing ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $34.43, down 0.68% on the session, giving a market capitalisation of $2.1M. Its beta of 1.15 implies it has historically moved more than the broad market.
CLOD seeks to track an index providing exposure to companies in cloud computing across developed markets. The index starts from a universe of small-, mid-, and large-cap companies that may be classified within defined sub-industries of the cloud computing industry. Security selection is based on the free float market capitalization of all eligible securities with firms ranking at the top of each sub-industry chosen. Twenty companies from internet infrastructure software and data support software, 10 each from digital security software, data infrastructure software, and data architecture software industries, and 3 from e-commerce infrastructure software are considered. The top 50 securities by market-cap are selected for the index. Constituents are also weighted according to their free float market capitalization with a 4.5% cap placed on individual securities. This is to ensure diversification and to limit overconcentration. CLOD is rebalanced quarterly.
Themes Cloud Computing ETF is most often compared with the following Financial Services names: