Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Growth in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,601,973 shares, a growth of 84.6% from the June 30th total of 867,619 shares. Currently, 4.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,303,391 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On Global X Cybersecurity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in shares of Global X Cybersecurity ETF in the 1st 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 acquiring an additional 469 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Global X Cybersecurity ETF during the fourth quarter worth about $39,000. Triumph Capital Management purchased a new position in shares of Global X Cybersecurity ETF during the third quarter worth about $44,000. Finally, Barclays PLC bought a new stake in Global X Cybersecurity ETF during the fourth quarter valued at approximately $46,000.

Global X Cybersecurity ETF Stock Up 0.4%

NASDAQ:BUG traded up $0.16 during trading hours on Friday, hitting $37.67. 328,374 shares of the company traded hands, compared to its average volume of 1,128,695. Global X Cybersecurity ETF has a one year low of $23.15 and a one year high of $42.71. The company has a market cap of $1.34 billion, a PE ratio of 37.03 and a beta of 0.88. The firm’s 50-day simple moving average is $36.89 and its 200-day simple moving average is $30.75.

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.