Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume

Global X Cybersecurity ETF (NASDAQ:BUG) saw an uptick in trading volume on Wednesday . 70,842 shares changed hands during mid-day trading, a decline of 69% from the previous session’s volume of 225,718 shares.The stock last traded at $27.83 and had previously closed at $27.75.

Global X Cybersecurity ETF Price Performance

The stock has a market cap of $719.34 million, a PE ratio of 57.15 and a beta of 0.86. The business has a fifty day moving average of $29.85 and a 200 day moving average of $28.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Phoenix Wealth Advisors boosted its holdings in Global X Cybersecurity ETF by 6.3% in the fourth quarter. Phoenix Wealth Advisors now owns 19,266 shares of the company’s stock valued at $550,000 after purchasing an additional 1,142 shares during the last quarter. Claro Advisors LLC acquired a new stake in Global X Cybersecurity ETF during the fourth quarter valued at approximately $220,000. Raymond James Financial Services Advisors Inc. raised its stake in Global X Cybersecurity ETF by 113.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 261,482 shares of the company’s stock valued at $7,664,000 after buying an additional 138,803 shares in the last quarter. HighTower Advisors LLC raised its stake in Global X Cybersecurity ETF by 10.7% during the third quarter. HighTower Advisors LLC now owns 73,641 shares of the company’s stock valued at $1,787,000 after buying an additional 7,141 shares in the last quarter. Finally, Advisors Management Group Inc. ADV raised its stake in Global X Cybersecurity ETF by 9.1% during the fourth quarter. Advisors Management Group Inc. ADV now owns 25,149 shares of the company’s stock valued at $737,000 after buying an additional 2,090 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.