Global X Cybersecurity ETF (NASDAQ:BUG – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 727,238 shares, a decrease of 54.6% from the July 15th total of 1,601,973 shares. Based on an average daily volume of 1,367,595 shares, the short-interest ratio is presently 0.5 days. Approximately 2.1% of the company’s stock are short sold.
Institutional Investors Weigh In On Global X Cybersecurity ETF
A number of large investors have recently modified their holdings of the stock. Herbst Group LLC acquired a new position in Global X Cybersecurity ETF during the 2nd quarter worth approximately $210,000. Tactive Advisors LLC acquired a new stake in Global X Cybersecurity ETF in the second quarter valued at approximately $227,000. Hamilton Wealth LLC acquired a new stake in Global X Cybersecurity ETF in the first quarter valued at approximately $372,000. Optiver Holding B.V. purchased a new stake in shares of Global X Cybersecurity ETF during the first quarter valued at approximately $50,000. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in shares of Global X Cybersecurity ETF during the first quarter valued at approximately $618,000.
Global X Cybersecurity ETF Trading Down 3.1%
NASDAQ:BUG traded down $1.37 during mid-day trading on Friday, hitting $43.09. The company had a trading volume of 1,241,096 shares, compared to its average volume of 1,130,335. The business has a fifty day simple moving average of $38.22 and a 200-day simple moving average of $31.65. Global X Cybersecurity ETF has a 1 year low of $23.15 and a 1 year high of $44.55. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88.
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.
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