Global X Cybersecurity ETF (NASDAQ:BUG) Trading Up 7% – What’s Next?

Global X Cybersecurity ETF (NASDAQ:BUG)’s share price shot up 7% during trading on Monday . The company traded as high as $42.39 and last traded at $42.8590. Approximately 459,940 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,139,089 shares. The stock had previously closed at $40.04.

Global X Cybersecurity ETF Trading Up 9.8%

The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. The firm has a 50 day moving average price of $40.63 and a two-hundred day moving average price of $33.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BUG. Geneos Wealth Management Inc. purchased a new stake in Global X Cybersecurity ETF during the first quarter worth approximately $35,000. Parallel Advisors LLC raised its stake in shares of Global X Cybersecurity ETF by 88.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock valued at $35,000 after acquiring an additional 469 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in shares of Global X Cybersecurity ETF in the 4th quarter valued at $39,000. Triumph Capital Management purchased a new position in shares of Global X Cybersecurity ETF in the 3rd quarter valued at $44,000. Finally, Barclays PLC acquired a new position in shares of Global X Cybersecurity ETF during the 4th quarter valued at $46,000.

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.