Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw strong trading volume on Wednesday . 70,842 shares changed hands during trading, a decline of 69% from the previous session’s volume of 225,718 shares.The stock last traded at $27.83 and had previously closed at $27.75.

Global X Cybersecurity ETF Stock Performance

The firm has a market capitalization of $719.34 million, a price-to-earnings ratio of 57.15 and a beta of 0.86. The company has a 50 day moving average price of $29.85 and a two-hundred day moving average price of $28.01.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Comerica Bank acquired a new position in Global X Cybersecurity ETF in the 3rd quarter valued at $32,000. Oxford Financial Group Ltd. acquired a new position in Global X Cybersecurity ETF in the 4th quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new position in Global X Cybersecurity ETF in the 1st quarter valued at $57,000. Qube Research & Technologies Ltd acquired a new position in Global X Cybersecurity ETF in the 3rd quarter valued at $48,000. Finally, Geneos Wealth Management Inc. acquired a new position in Global X Cybersecurity ETF in the 4th quarter valued at $61,000.

About Global X Cybersecurity ETF

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.