Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 1-Year High – Should You Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares reached a new 52-week high during mid-day trading on Friday. The company traded as high as $49.67 and last traded at $49.6310, with a volume of 1112773 shares. The stock had previously closed at $47.94.

Global X Cybersecurity ETF Stock Up 3.5%

The stock has a market cap of $2.29 billion, a PE ratio of 37.03 and a beta of 0.87. The company’s fifty day moving average is $43.22 and its 200 day moving average is $36.28.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BUG. Ayalon Insurance Comp Ltd. acquired a new stake in shares of Global X Cybersecurity ETF in the third quarter valued at about $29,620,000. Hamilton Capital LLC acquired a new position in Global X Cybersecurity ETF during the 3rd quarter worth approximately $15,406,000. Capital Asset Advisory Services LLC purchased a new position in Global X Cybersecurity ETF in the 1st quarter worth approximately $7,474,000. Insight Wealth Strategies LLC purchased a new position in Global X Cybersecurity ETF in the 3rd quarter worth approximately $8,519,000. Finally, First Interstate Bank acquired a new stake in Global X Cybersecurity ETF in the first quarter valued at approximately $3,838,000.

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.