Global X Cybersecurity ETF (NASDAQ:BUG) Sets New 1-Year Low – Time to Sell?

Global X Cybersecurity ETF (NASDAQ:BUG) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $29.06 and last traded at $29.1340, with a volume of 577226 shares traded. The stock had previously closed at $29.84.

Global X Cybersecurity ETF Stock Performance

The business has a 50 day moving average of $31.30 and a two-hundred day moving average of $33.47. The stock has a market capitalization of $899.24 million, a PE ratio of 37.03 and a beta of 0.84.

Global X Cybersecurity ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.0119 per share. This represents a dividend yield of 8.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Global X Cybersecurity ETF in the second quarter worth $92,750,000. Alaska Permanent Capital Management LLC acquired a new position in shares of Global X Cybersecurity ETF in the 3rd quarter valued at $7,249,000. Strategic Wealth Partners Ltd. purchased a new position in Global X Cybersecurity ETF in the 3rd quarter worth $7,005,000. Flow Traders U.S. LLC purchased a new position in Global X Cybersecurity ETF in the 3rd quarter worth $6,967,000. Finally, Crown Wealth Group LLC acquired a new stake in Global X Cybersecurity ETF during the 2nd quarter worth about $6,427,000.

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.