Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Volume Increase

Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually-high trading volume on Wednesday . Approximately 108,755 shares traded hands during mid-day trading, a decline of 47% from the previous session’s volume of 206,489 shares.The stock last traded at $29.72 and had previously closed at $29.65.

Global X Cybersecurity ETF Price Performance

The firm has a market cap of $806.08 million, a PE ratio of 29.10 and a beta of 0.86. The stock has a 50-day moving average price of $28.76 and a 200 day moving average price of $29.35.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in Global X Cybersecurity ETF by 17.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,429 shares of the company’s stock valued at $72,000 after acquiring an additional 362 shares during the period. CWM LLC grew its position in Global X Cybersecurity ETF by 19.2% during the fourth quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $73,000 after acquiring an additional 400 shares during the period. Pinnacle Wealth Management Group Inc. grew its position in Global X Cybersecurity ETF by 0.8% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 68,812 shares of the company’s stock valued at $2,017,000 after acquiring an additional 518 shares during the period. NCM Capital Management LLC grew its position in Global X Cybersecurity ETF by 3.1% during the fourth quarter. NCM Capital Management LLC now owns 22,633 shares of the company’s stock valued at $663,000 after acquiring an additional 675 shares during the period. Finally, BNP Paribas purchased a new stake in Global X Cybersecurity ETF during the first quarter valued at about $25,000.

About Global X Cybersecurity ETF

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.