Short Interest in Global X Cybersecurity ETF (NASDAQ:BUG) Drops By 54.6%

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 727,238 shares, a drop of 54.6% from the July 15th total of 1,601,973 shares. Based on an average daily trading volume, of 1,367,595 shares, the short-interest ratio is presently 0.5 days. Currently, 2.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Cassady Wealth & Retirement Planning LLC lifted its holdings in shares of Global X Cybersecurity ETF by 48.6% during the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 70,157 shares of the company’s stock valued at $1,863,000 after purchasing an additional 22,943 shares during the last quarter. World Investment Advisors purchased a new position in Global X Cybersecurity ETF during the 1st quarter worth $427,000. Biltmore Family Office LLC raised its stake in Global X Cybersecurity ETF by 19.4% in the fourth quarter. Biltmore Family Office LLC now owns 200,540 shares of the company’s stock valued at $6,111,000 after buying an additional 32,649 shares during the last quarter. First Interstate Bank acquired a new stake in Global X Cybersecurity ETF in the first quarter worth about $3,838,000. Finally, Hamilton Wealth LLC acquired a new stake in Global X Cybersecurity ETF in the first quarter worth about $744,000.

Global X Cybersecurity ETF Stock Down 3.1%

Shares of Global X Cybersecurity ETF stock traded down $1.37 on Friday, reaching $43.09. The stock had a trading volume of 1,241,096 shares, compared to its average volume of 1,130,335. The stock has a market capitalization of $1.51 billion, a P/E ratio of 37.03 and a beta of 0.88. The company has a 50 day moving average price of $38.22 and a 200 day moving average price of $31.65. Global X Cybersecurity ETF has a 1 year low of $23.15 and a 1 year high of $44.55.

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.