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

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.07 and last traded at $41.82, with a volume of 1058772 shares. The stock had previously closed at $39.64.

Global X Cybersecurity ETF Stock Performance

The company has a market cap of $1.31 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. The company has a fifty day moving average of $34.79 and a two-hundred day moving average of $29.98.

Institutional Trading of Global X Cybersecurity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BUG. Capital Asset Advisory Services LLC bought a new position in Global X Cybersecurity ETF in the 1st quarter valued at approximately $7,474,000. Strategic Wealth Partners Ltd. acquired a new position in Global X Cybersecurity ETF in the 3rd quarter valued at approximately $7,005,000. Flow Traders U.S. LLC bought a new position in shares of Global X Cybersecurity ETF during the third quarter valued at $6,967,000. First Interstate Bank bought a new position in shares of Global X Cybersecurity ETF during the first quarter valued at $3,838,000. Finally, IMC Chicago LLC acquired a new position in shares of Global X Cybersecurity ETF during the first quarter worth $1,891,000.

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.