Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Update

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 264,100 shares, an increase of 20.9% from the February 28th total of 218,400 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 246,100 shares, the days-to-cover ratio is presently 1.1 days.

Global X Cybersecurity ETF Price Performance

NASDAQ:BUG opened at $32.92 on Thursday. Global X Cybersecurity ETF has a 1-year low of $26.03 and a 1-year high of $36.81. The company has a market capitalization of $825.30 million, a PE ratio of 31.16 and a beta of 0.86. The firm’s 50-day moving average price is $34.10 and its 200-day moving average price is $32.85.

Institutional Trading of Global X Cybersecurity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Moss Adams Wealth Advisors LLC grew its position in Global X Cybersecurity ETF by 0.6% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,357,693 shares of the company’s stock valued at $43,601,000 after purchasing an additional 7,592 shares during the last quarter. LPL Financial LLC raised its holdings in Global X Cybersecurity ETF by 5.2% in the 4th quarter. LPL Financial LLC now owns 560,490 shares of the company’s stock worth $17,986,000 after acquiring an additional 27,755 shares during the last quarter. Bank of America Corp DE lifted its position in Global X Cybersecurity ETF by 1.1% in the 4th quarter. Bank of America Corp DE now owns 352,418 shares of the company’s stock valued at $11,309,000 after acquiring an additional 3,714 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Global X Cybersecurity ETF during the 4th quarter valued at $11,115,000. Finally, Granite Bay Wealth Management LLC increased its holdings in shares of Global X Cybersecurity ETF by 0.9% in the 4th quarter. Granite Bay Wealth Management LLC now owns 343,069 shares of the company’s stock worth $11,009,000 after purchasing an additional 3,070 shares in 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.