Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually-strong trading volume on Wednesday . 1,154,150 shares changed hands during trading, an increase of 4% from the previous session’s volume of 1,112,954 shares.The stock last traded at $38.35 and had previously closed at $39.26.

Global X Cybersecurity ETF Stock Down 2.6%

The company’s fifty day moving average price is $36.42 and its 200-day moving average price is $30.50. The stock has a market capitalization of $1.22 billion, a PE ratio of 37.03 and a beta of 0.88.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BUG. Geneos Wealth Management Inc. bought a new stake in Global X Cybersecurity ETF in the first quarter worth $35,000. Parallel Advisors LLC increased its holdings in shares of Global X Cybersecurity ETF by 88.3% during the third quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock valued at $35,000 after acquiring an additional 469 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Global X Cybersecurity ETF during the fourth quarter valued at $39,000. Triumph Capital Management purchased a new position in shares of Global X Cybersecurity ETF in the 3rd quarter worth about $44,000. Finally, Barclays PLC purchased a new position in shares of Global X Cybersecurity ETF in the 4th quarter worth about $46,000.

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.