Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 12-Month Low – Here’s What Happened

Global X Cybersecurity ETF (NASDAQ:BUG) shares hit a new 52-week low on Thursday . The company traded as low as $28.58 and last traded at $28.6030, with a volume of 616306 shares trading hands. The stock had previously closed at $29.96.

Global X Cybersecurity ETF Stock Performance

The firm has a market capitalization of $885.66 million, a price-to-earnings ratio of 37.03 and a beta of 0.84. The business has a fifty day moving average price of $30.91 and a 200 day moving average price of $33.16.

Global X Cybersecurity ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a $0.0119 dividend. This represents a dividend yield of 8.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Trading of Global X Cybersecurity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BUG. Royal Bank of Canada raised its holdings in Global X Cybersecurity ETF by 14.7% in the first quarter. Royal Bank of Canada now owns 211,842 shares of the company’s stock valued at $6,851,000 after buying an additional 27,101 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Global X Cybersecurity ETF in the 2nd quarter valued at $504,000. Perigon Wealth Management LLC purchased a new position in shares of Global X Cybersecurity ETF in the 2nd quarter valued at $228,000. Truist Financial Corp acquired a new position in shares of Global X Cybersecurity ETF during the 2nd quarter valued at $275,000. Finally, Ameritas Advisory Services LLC boosted its position in Global X Cybersecurity ETF by 16.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,793 shares of the company’s stock worth $289,000 after purchasing an additional 1,079 shares during the period.

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.