Global X Cybersecurity ETF (NASDAQ:BUG) Shares Gap Up – What’s Next?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) gapped up prior to trading on Thursday . The stock had previously closed at $39.98, but opened at $42.09. Global X Cybersecurity ETF shares last traded at $43.44, with a volume of 550,823 shares traded.

Global X Cybersecurity ETF Stock Performance

The business has a 50 day moving average price of $39.27 and a 200-day moving average price of $32.35. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in shares of Global X Cybersecurity ETF by 88.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock worth $35,000 after buying an additional 469 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Global X Cybersecurity ETF in the 3rd quarter valued at $44,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at $39,000. Geneos Wealth Management Inc. acquired a new position in shares of Global X Cybersecurity ETF during the 1st quarter valued at $35,000. Finally, Barclays PLC acquired a new position in shares of Global X Cybersecurity ETF during the 4th quarter valued at $46,000.

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.