Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 52-Week High – What’s Next?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) reached a new 52-week high on Tuesday . The company traded as high as $41.06 and last traded at $40.67, with a volume of 1255482 shares changing hands. The stock had previously closed at $39.33.

Global X Cybersecurity ETF Price Performance

The business’s fifty day moving average price is $34.00 and its 200-day moving average price is $29.80. The stock has a market capitalization of $1.24 billion, a PE ratio of 37.03 and a beta of 0.88.

Institutional Trading of Global X Cybersecurity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital Asset Advisory Services LLC bought a new position in Global X Cybersecurity ETF in the 1st quarter valued at $7,474,000. Strategic Wealth Partners Ltd. purchased a new stake in shares of Global X Cybersecurity ETF in the third quarter worth $7,005,000. Flow Traders U.S. LLC purchased a new stake in shares of Global X Cybersecurity ETF in the third quarter worth $6,967,000. First Interstate Bank bought a new stake in Global X Cybersecurity ETF during the first quarter valued at $3,838,000. Finally, IMC Chicago LLC bought a new stake in Global X Cybersecurity ETF during the first quarter valued at $1,891,000.

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.