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

Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually-high trading volume on Thursday. 1,947,381 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 1,261,864 shares. The stock last traded at $50.3760 and had previously closed at $51.90.

Global X Cybersecurity ETF Price Performance

The company’s 50 day moving average is $45.05 and its 200 day moving average is $35.01. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 37.03 and a beta of 0.87.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Hedge funds have recently bought and sold shares of the company. Moss Adams Wealth Advisors LLC purchased a new stake in Global X Cybersecurity ETF during the third quarter worth $72,827,000. Financial Solutions Advisory Group Inc. purchased a new position in shares of Global X Cybersecurity ETF in the third quarter valued at $356,000. Livelsberger Financial Advisory acquired a new position in shares of Global X Cybersecurity ETF during the 3rd quarter worth $470,000. VestGen Advisors LLC acquired a new position in shares of Global X Cybersecurity ETF during the 3rd quarter worth $281,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Global X Cybersecurity ETF in the 3rd quarter worth about $620,000.

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.