Global X Cybersecurity ETF (NASDAQ:BUG) Shares Gap Up – Should You Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $39.98, but opened at $42.09. Global X Cybersecurity ETF shares last traded at $43.44, with a volume of 550,823 shares.

Global X Cybersecurity ETF Stock Down 2.7%

The stock has a 50-day moving average of $39.66 and a 200 day moving average of $32.54. The stock has a market cap of $1.51 billion, a PE ratio of 37.03 and a beta of 0.88.

Institutional Trading of Global X Cybersecurity ETF

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

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.