Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 52-Week High – What’s Next?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) hit a new 52-week high on Monday. The company traded as high as $50.60 and last traded at $50.2170, with a volume of 31,593 shares trading hands. The stock had previously closed at $49.93.

Global X Cybersecurity ETF Stock Performance

The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 37.03 and a beta of 0.87. The firm’s 50 day simple moving average is $44.44 and its 200 day simple moving average is $37.99.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ayalon Insurance Comp Ltd. acquired a new position in Global X Cybersecurity ETF in the third quarter valued at $29,620,000. Diversify Advisory Services LLC acquired a new position in shares of Global X Cybersecurity ETF during the 3rd quarter worth approximately $22,630,000. B. Riley Wealth Advisors Inc. purchased a new stake in Global X Cybersecurity ETF in the 3rd quarter worth approximately $3,408,000. Bank of America Corp DE boosted its holdings in shares of Global X Cybersecurity ETF by 17.0% in the 1st quarter. Bank of America Corp DE now owns 301,424 shares of the company’s stock valued at $7,569,000 after purchasing an additional 43,763 shares during the last quarter. Finally, Essex LLC purchased a new position in shares of Global X Cybersecurity ETF in the 3rd quarter worth about $806,000.

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.