Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 1-Year High – Time to Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price reached a new 52-week high on Monday. The stock traded as high as $50.60 and last traded at $50.2170, with a volume of 31,593 shares trading hands. The stock had previously closed at $49.93.

Global X Cybersecurity ETF Price Performance

The company has a market cap of $2.33 billion, a price-to-earnings ratio of 37.03 and a beta of 0.87. The business’s 50-day simple moving average is $44.85 and its 200-day simple moving average is $34.90.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BUG. Ayalon Insurance Comp Ltd. purchased a new stake in Global X Cybersecurity ETF in the 3rd quarter valued at approximately $29,620,000. Diversify Advisory Services LLC acquired a new stake in Global X Cybersecurity ETF during the 3rd quarter valued at $22,630,000. Hamilton Capital LLC purchased a new position in Global X Cybersecurity ETF during the third quarter worth $15,406,000. Insight Wealth Strategies LLC purchased a new position in Global X Cybersecurity ETF during the third quarter worth $8,519,000. Finally, Bank of America Corp DE increased its position in Global X Cybersecurity ETF by 17.0% during the first quarter. Bank of America Corp DE now owns 301,424 shares of the company’s stock worth $7,569,000 after buying an additional 43,763 shares in the last quarter.

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.