Global X Cybersecurity ETF (NASDAQ:BUG) Sees Significant Increase in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,601,973 shares, a growth of 84.6% from the June 30th total of 867,619 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average trading volume of 1,303,391 shares, the short-interest ratio is currently 1.2 days.

Global X Cybersecurity ETF Price Performance

Shares of BUG stock traded down $0.22 during trading on Thursday, hitting $36.86. 286,545 shares of the stock traded hands, compared to its average volume of 1,131,682. The firm has a market capitalization of $1.24 billion, a P/E ratio of 37.03 and a beta of 0.88. Global X Cybersecurity ETF has a 52-week low of $23.15 and a 52-week high of $42.71. The firm’s fifty day moving average price is $36.81 and its 200-day moving average price is $30.70.

Institutional Trading of Global X Cybersecurity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. World Investment Advisors acquired a new stake in shares of Global X Cybersecurity ETF in the 1st quarter worth approximately $427,000. Biltmore Family Office LLC raised its holdings in Global X Cybersecurity ETF by 19.4% during the fourth quarter. Biltmore Family Office LLC now owns 200,540 shares of the company’s stock worth $6,111,000 after purchasing an additional 32,649 shares during the last quarter. First Interstate Bank purchased a new stake in Global X Cybersecurity ETF during the first quarter worth $3,838,000. IMC Chicago LLC purchased a new stake in Global X Cybersecurity ETF during the first quarter worth $1,891,000. Finally, Rockefeller Capital Management L.P. grew its holdings in Global X Cybersecurity ETF by 344.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 50,764 shares of the company’s stock valued at $1,546,000 after purchasing an additional 39,332 shares during 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.