Workday Inc. (WDAY) shares closed last Friday’s session up by +9.13% after crushing Wall Street estimates for its fiscal second quarter ended July 31.
Workday is a provider of enterprise cloud applications for finance and human resources. Its services are widely used by organisations around the world and across industries. The company has been swaying investors focus due to its fast growth and its high market penetration among mid-size and Fortune 500 companies.
Due to the volatility surrounding Tech stocks, investors can hold WDAY through Technology ETFs with focus on information technology and cloud computing. Among them is the Global X Cloud Computing ETF (CLOU), an ETF with $1.32bn in assets and 3.80% exposure to Workday.
Another option would be UPHOLDINGS Compound Kings ETF (KNGS), a small ETF with $12.6m of assets but has managed to outperform the S&P500 by 70 percentage points from inception (March 1st, 2019) through end of July 2021. KNGS has Workday among its top 15 holdings with a weight of 3.90%.
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