Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 52-Week High – Here’s What Happened

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

Global X Cybersecurity ETF Stock Performance

The firm has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $30.13. The company has a market capitalization of $1.28 billion, a PE ratio of 37.03 and a beta of 0.88.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Several institutional investors have recently made changes to their positions in BUG. Geneos Wealth Management Inc. purchased a new stake in Global X Cybersecurity ETF in the first quarter worth about $35,000. Parallel Advisors LLC raised its holdings in shares of Global X Cybersecurity ETF by 88.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 469 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Global X Cybersecurity ETF in the 4th quarter worth approximately $39,000. Triumph Capital Management purchased a new stake in shares of Global X Cybersecurity ETF in the 3rd quarter worth approximately $44,000. Finally, Barclays PLC bought a new position in shares of Global X Cybersecurity ETF during the fourth quarter valued at approximately $46,000.

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.