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

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 215,800 shares, a drop of 66.8% from the March 31st total of 650,800 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 348,100 shares, the days-to-cover ratio is presently 0.6 days.

Global X Cybersecurity ETF Stock Up 0.7 %

NASDAQ:BUG opened at $33.27 on Friday. Global X Cybersecurity ETF has a 12-month low of $26.03 and a 12-month high of $36.81. The firm has a market capitalization of $916.92 million, a P/E ratio of 30.55 and a beta of 0.94. The stock’s fifty day simple moving average is $32.91 and its 200-day simple moving average is $33.01.

Institutional Trading of Global X Cybersecurity ETF

Several institutional investors and hedge funds have recently bought and sold shares of BUG. Global Retirement Partners LLC grew its holdings in shares of Global X Cybersecurity ETF by 99.3% during the 4th quarter. Global Retirement Partners LLC now owns 811 shares of the company’s stock worth $26,000 after purchasing an additional 404 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Global X Cybersecurity ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in Global X Cybersecurity ETF by 255.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,067 shares of the company’s stock valued at $34,000 after acquiring an additional 767 shares during the period. Bernard Wealth Management Corp. bought a new position in Global X Cybersecurity ETF during the 4th quarter worth $46,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Global X Cybersecurity ETF in the first quarter worth approximately $84,000.

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.