Global X Cybersecurity ETF (NASDAQ:BUG) Sees Strong Trading Volume – Still a Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) saw an uptick in trading volume on Tuesday . 676,025 shares were traded during mid-day trading, an increase of 317% from the previous session’s volume of 161,972 shares.The stock last traded at $34.36 and had previously closed at $33.26.

Global X Cybersecurity ETF Stock Up 1.1 %

The firm has a market cap of $851.46 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. The company has a 50-day moving average price of $33.08 and a 200 day moving average price of $31.44.

Global X Cybersecurity ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were issued a $0.0305 dividend. The ex-dividend date was Monday, December 30th.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of institutional investors have recently modified their holdings of BUG. GPS Wealth Strategies Group LLC grew its stake in shares of 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 buying an additional 767 shares in the last quarter. FMR LLC grew its position in Global X Cybersecurity ETF by 213.1% in the third quarter. FMR LLC now owns 1,221 shares of the company’s stock worth $38,000 after acquiring an additional 831 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Global X Cybersecurity ETF during the 4th quarter worth $171,000. Alpha Cubed Investments LLC bought a new position in shares of Global X Cybersecurity ETF during the 4th quarter valued at $212,000. Finally, Synovus Financial Corp acquired a new stake in shares of Global X Cybersecurity ETF in the 3rd quarter valued at $223,000.

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.