Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw an uptick in trading volume on Wednesday . 1,360,330 shares changed hands during trading, an increase of 514% from the previous session’s volume of 221,709 shares.The stock last traded at $28.51 and had previously closed at $28.41.

Global X Cybersecurity ETF Stock Performance

The company has a market cap of $748.86 million, a P/E ratio of 29.18 and a beta of 0.86. The stock has a 50 day moving average price of $29.64 and a 200 day moving average price of $28.16.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Large investors have recently modified their holdings of the stock. CWM LLC lifted its position in shares of Global X Cybersecurity ETF by 595.3% in the third quarter. CWM LLC now owns 2,086 shares of the company’s stock worth $51,000 after purchasing an additional 1,786 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Global X Cybersecurity ETF during the 1st quarter worth about $57,000. Geneos Wealth Management Inc. bought a new stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at approximately $61,000. Simplex Trading LLC increased its position in Global X Cybersecurity ETF by 282.2% during the third quarter. Simplex Trading LLC now owns 2,928 shares of the company’s stock worth $71,000 after buying an additional 2,162 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Global X Cybersecurity ETF by 67.9% during the 4th quarter. Parallel Advisors LLC now owns 5,046 shares of the company’s stock valued at $148,000 after acquiring an additional 2,041 shares during the last quarter.

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.