Short Interest in Global X Cybersecurity ETF (NASDAQ:BUG) Increases By 146.4%

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 650,800 shares, a growth of 146.4% from the March 15th total of 264,100 shares. Based on an average daily volume of 287,600 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.4% of the company’s shares are short sold.

Institutional Trading of Global X Cybersecurity ETF

Several large investors have recently bought and sold shares of BUG. Eagle Strategies LLC grew its holdings in Global X Cybersecurity ETF by 1.4% during the 4th quarter. Eagle Strategies LLC now owns 20,095 shares of the company’s stock valued at $645,000 after purchasing an additional 279 shares in the last quarter. Delta Financial Group Inc. raised its position in Global X Cybersecurity ETF by 3.8% in the fourth quarter. Delta Financial Group Inc. now owns 8,832 shares of the company’s stock worth $283,000 after acquiring an additional 325 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Global X Cybersecurity ETF by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 11,357 shares of the company’s stock valued at $364,000 after acquiring an additional 358 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Global X Cybersecurity ETF by 99.3% in the 4th quarter. Global Retirement Partners LLC now owns 811 shares of the company’s stock worth $26,000 after purchasing an additional 404 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Global X Cybersecurity ETF by 38.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 1,473 shares of the company’s stock valued at $48,000 after purchasing an additional 406 shares in the last quarter.

Global X Cybersecurity ETF Price Performance

NASDAQ BUG traded down $0.02 during trading hours on Thursday, hitting $32.13. The company had a trading volume of 111,113 shares, compared to its average volume of 284,001. Global X Cybersecurity ETF has a fifty-two week low of $26.03 and a fifty-two week high of $36.81. The company has a market capitalization of $871.55 million, a price-to-earnings ratio of 28.03 and a beta of 0.86. The firm’s 50 day moving average is $33.46 and its 200 day moving average is $32.92.

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.