Global X Cybersecurity ETF (NASDAQ:BUG) Sees Strong Trading Volume

Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually-high trading volume on Wednesday . Approximately 1,360,330 shares were traded during mid-day trading, an increase of 514% from the previous session’s volume of 221,709 shares.The stock last traded at $28.51 and had previously closed at $28.41.

Global X Cybersecurity ETF Stock Performance

The firm has a market cap of $748.86 million, a price-to-earnings ratio of 29.18 and a beta of 0.86. The company has a 50 day moving average price of $29.64 and a 200 day moving average price of $28.16.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Several institutional investors have recently bought and sold shares of the company. CWM LLC raised its position in Global X Cybersecurity ETF by 19.2% in the 4th quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $73,000 after purchasing an additional 400 shares in the last quarter. Pinnacle Wealth Management Group Inc. raised its stake in Global X Cybersecurity ETF by 0.8% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 68,812 shares of the company’s stock valued at $2,017,000 after buying an additional 518 shares in the last quarter. NCM Capital Management LLC lifted its holdings in Global X Cybersecurity ETF by 2.9% during the 3rd quarter. NCM Capital Management LLC now owns 21,958 shares of the company’s stock worth $533,000 after buying an additional 625 shares during the last quarter. L.M. Kohn & Company lifted its holdings in Global X Cybersecurity ETF by 8.9% during the 4th quarter. L.M. Kohn & Company now owns 11,338 shares of the company’s stock worth $332,000 after buying an additional 926 shares during the last quarter. Finally, WealthBridge Investment Counsel Inc. increased its holdings in shares of Global X Cybersecurity ETF by 1.0% in the 4th quarter. WealthBridge Investment Counsel Inc. now owns 96,300 shares of the company’s stock valued at $2,823,000 after acquiring an additional 1,000 shares during the last quarter.

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.