Global X Cybersecurity ETF (NASDAQ:BUG) Sets New 52-Week High – Still a Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s share price reached a new 52-week high on Monday . The company traded as high as $42.76 and last traded at $42.76, with a volume of 176953 shares. The stock had previously closed at $41.68.

Global X Cybersecurity ETF Stock Performance

The firm has a market capitalization of $1.51 billion, a PE ratio of 37.03 and a beta of 0.88. The company’s 50 day simple moving average is $37.61 and its 200-day simple moving average is $31.18.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BUG. Geneos Wealth Management Inc. purchased a new position in Global X Cybersecurity ETF during the first 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 stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at about $39,000. Triumph Capital Management bought a new stake in shares of Global X Cybersecurity ETF during the 3rd quarter valued at about $44,000. Finally, Barclays PLC bought a new stake in shares of Global X Cybersecurity ETF during the 4th quarter valued at about $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.