Global X Cybersecurity ETF (NASDAQ:BUG) Sees Significant Increase in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUGGet Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 867,619 shares, an increase of 97.1% from the June 15th total of 440,082 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 902,235 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BUG. Biltmore Family Office LLC grew its holdings in Global X Cybersecurity ETF by 19.4% in the fourth quarter. Biltmore Family Office LLC now owns 200,540 shares of the company’s stock valued at $6,111,000 after purchasing an additional 32,649 shares during the last quarter. World Investment Advisors acquired a new position in shares of Global X Cybersecurity ETF during the 1st quarter worth $427,000. First Interstate Bank acquired a new position in shares of Global X Cybersecurity ETF during the 1st quarter worth $3,838,000. Rockefeller Capital Management L.P. boosted its position in shares of Global X Cybersecurity ETF by 344.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 50,764 shares of the company’s stock worth $1,546,000 after buying an additional 39,332 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Global X Cybersecurity ETF by 40.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 169,529 shares of the company’s stock worth $5,164,000 after buying an additional 49,157 shares in the last quarter.

Global X Cybersecurity ETF Price Performance

BUG opened at $40.86 on Thursday. The business has a 50 day simple moving average of $35.33 and a 200-day simple moving average of $30.13. The stock has a market capitalization of $1.28 billion, a P/E ratio of 37.03 and a beta of 0.88. Global X Cybersecurity ETF has a 12 month low of $23.15 and a 12 month high of $42.71.

About Global X Cybersecurity ETF

(Get Free Report)

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.

Further Reading

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