Global X Cybersecurity ETF (NASDAQ:BUG) Sees Strong Trading Volume – Still a Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw an uptick in trading volume on Thursday. Approximately 1,947,381 shares changed hands during mid-day trading, an increase of 54% from the average daily volume of 1,261,864 shares. The stock last traded at $50.3760 and had previously closed at $51.90.

Global X Cybersecurity ETF Stock Down 2.9%

The firm has a fifty day simple moving average of $45.05 and a 200-day simple moving average of $35.01. The company has a market cap of $2.25 billion, a PE ratio of 37.03 and a beta of 0.87.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Global X Cybersecurity ETF during the third quarter worth about $38,000. Geneos Wealth Management Inc. acquired a new stake in shares of Global X Cybersecurity ETF in the 1st quarter valued at approximately $35,000. Optiver Holding B.V. purchased a new stake in shares of Global X Cybersecurity ETF in the first quarter valued at approximately $50,000. Western Wealth Management LLC purchased a new stake in shares of Global X Cybersecurity ETF in the first quarter valued at approximately $51,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Global X Cybersecurity ETF during the third quarter worth $154,000.

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.