Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume

Global X Cybersecurity ETF (NASDAQ:BUG) saw strong trading volume on Monday . 200,475 shares were traded during trading, a decline of 2% from the previous session’s volume of 203,920 shares.The stock last traded at $29.33 and had previously closed at $29.12.

Global X Cybersecurity ETF Price Performance

The business has a 50-day moving average of $28.98 and a 200-day moving average of $29.40. The company has a market capitalization of $774.54 million, a P/E ratio of 29.10 and a beta of 0.86.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Granite Bay Wealth Management LLC bought a new stake in shares of Global X Cybersecurity ETF during the 2nd quarter worth approximately $410,690,000. Moss Adams Wealth Advisors LLC purchased a new stake in shares of Global X Cybersecurity ETF during the second quarter valued at $38,796,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Global X Cybersecurity ETF by 9.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 362,426 shares of the company’s stock valued at $10,782,000 after purchasing an additional 29,790 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Global X Cybersecurity ETF by 113.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 261,482 shares of the company’s stock worth $7,664,000 after purchasing an additional 138,803 shares during the last quarter. Finally, Zimmermann Investment Management & Planning LLC lifted its holdings in Global X Cybersecurity ETF by 7.9% during the 4th quarter. Zimmermann Investment Management & Planning LLC now owns 181,890 shares of the company’s stock valued at $5,331,000 after buying an additional 13,254 shares in the last quarter.

Global X Cybersecurity ETF Company Profile

The Global X Cybersecurity ETF (BUG) is an exchange-traded fund that is based on the Indxx Cybersecurity index, a modified market-cap-weighted global index of companies selected on the basis of revenue related to cybersecurity activities. BUG was launched on Oct 25, 2019 and is managed by Global X.