Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 52-Week High – Time to Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price hit a new 52-week high during trading on Friday. The stock traded as high as $47.54 and last traded at $47.2860, with a volume of 114530 shares trading hands. The stock had previously closed at $46.48.

Global X Cybersecurity ETF Price Performance

The stock has a fifty day moving average price of $42.19 and a two-hundred day moving average price of $35.52. The company has a market cap of $2.09 billion, a P/E ratio of 37.03 and a beta of 0.88.

Institutional Trading of Global X Cybersecurity ETF

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Global X Cybersecurity ETF by 17.0% in the first quarter. Bank of America Corp DE now owns 301,424 shares of the company’s stock worth $7,569,000 after purchasing an additional 43,763 shares in the last quarter. Capital Asset Advisory Services LLC bought a new stake in shares of Global X Cybersecurity ETF during the first quarter valued at about $7,474,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Global X Cybersecurity ETF by 40.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 169,529 shares of the company’s stock valued at $5,164,000 after purchasing an additional 49,157 shares in the last quarter. First Interstate Bank acquired a new stake in Global X Cybersecurity ETF in the first quarter worth about $3,838,000. Finally, TigerOak Management L.L.C. lifted its holdings in Global X Cybersecurity ETF by 1.7% in the first quarter. TigerOak Management L.L.C. now owns 98,784 shares of the company’s stock worth $2,480,000 after purchasing an additional 1,612 shares during the period.

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.