CloudAlpha Capital Management established a new position in Ondas Holdings. The Hong Kong-based firm purchased 690,000 shares. This investment is valued at approximately $6.7 million according to a recent 13F filing.
The purchase gives CloudAlpha a 0.16% stake in the autonomous systems and private wireless solutions provider. Total institutional ownership in Ondas Holdings now stands at 37.73%.
Other institutional investors are also reportedly increasing their positions in the company. This trend signals growing professional interest despite recent stock volatility.