Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 52-Week High – Time to Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares hit a new 52-week high during trading on Monday . The company traded as high as $46.04 and last traded at $45.97, with a volume of 1318399 shares trading hands. The stock had previously closed at $44.34.

Global X Cybersecurity ETF Trading Up 3.7%

The firm’s 50 day moving average price is $41.09 and its two-hundred day moving average price is $34.28. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88.

Institutional Trading of Global X Cybersecurity ETF

Hedge funds have recently made changes to their positions in the business. Herbst Group LLC bought a new position in shares of Global X Cybersecurity ETF during the 2nd quarter worth approximately $210,000. Tactive Advisors LLC acquired a new stake in shares of Global X Cybersecurity ETF during the 2nd quarter worth $227,000. Hamilton Wealth LLC bought a new position in Global X Cybersecurity ETF in the 1st quarter valued at about $372,000. Optiver Holding B.V. acquired a new position in Global X Cybersecurity ETF during the first quarter valued at approximately $50,000. Finally, Financial Solutions Advisory Group Inc. bought a new stake in shares of Global X Cybersecurity ETF during the 1st quarter worth $618,000.

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.