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

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 105,300 shares, a decrease of 27.3% from the October 15th total of 144,800 shares. Based on an average daily trading volume, of 120,600 shares, the short-interest ratio is presently 0.9 days.

Global X Cybersecurity ETF Stock Down 1.9 %

Shares of NASDAQ:BUG traded down $0.63 on Friday, hitting $32.53. The company had a trading volume of 135,227 shares, compared to its average volume of 183,590. The firm’s 50-day simple moving average is $31.13 and its two-hundred day simple moving average is $29.88. Global X Cybersecurity ETF has a 1 year low of $24.96 and a 1 year high of $34.16. The firm has a market capitalization of $788.53 million, a price-to-earnings ratio of 29.10 and a beta of 0.86.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. bought a new position in shares of Global X Cybersecurity ETF in the 1st quarter worth about $210,000. Owen LaRue LLC bought a new position in shares of Global X Cybersecurity ETF in the 1st quarter worth about $632,000. CreativeOne Wealth LLC increased its stake in shares of Global X Cybersecurity ETF by 74.0% in the 1st quarter. CreativeOne Wealth LLC now owns 146,809 shares of the company’s stock worth $4,368,000 after acquiring an additional 62,451 shares in the last quarter. Biltmore Family Office LLC increased its stake in shares of Global X Cybersecurity ETF by 22.8% in the 1st quarter. Biltmore Family Office LLC now owns 153,024 shares of the company’s stock worth $4,552,000 after acquiring an additional 28,451 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Global X Cybersecurity ETF by 215.0% in the 1st quarter. Cetera Investment Advisers now owns 172,477 shares of the company’s stock worth $5,131,000 after acquiring an additional 117,715 shares in the last quarter.

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.