Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 1-Year High – Still a Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $36.75 and last traded at $36.69, with a volume of 46920 shares traded. The stock had previously closed at $36.60.

Global X Cybersecurity ETF Trading Up 0.4 %

The business has a 50-day moving average price of $33.47 and a 200-day moving average price of $31.99. The firm has a market cap of $921.57 million, a P/E ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a dividend of $0.0305 per share. The ex-dividend date was Monday, December 30th.

Hedge Funds 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 company. FMR LLC boosted its position in Global X Cybersecurity ETF by 213.1% during the third quarter. FMR LLC now owns 1,221 shares of the company’s stock valued at $38,000 after purchasing an additional 831 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Global X Cybersecurity ETF during the fourth quarter valued at about $239,000. Synovus Financial Corp bought a new stake in Global X Cybersecurity ETF during the third quarter valued at about $223,000. OneDigital Investment Advisors LLC boosted its position in Global X Cybersecurity ETF by 5.6% during the third quarter. OneDigital Investment Advisors LLC now owns 19,125 shares of the company’s stock valued at $592,000 after purchasing an additional 1,014 shares in the last quarter. Finally, TigerOak Management L.L.C. bought a new stake in Global X Cybersecurity ETF during the fourth quarter valued at about $3,113,000.

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.