Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 1-Year High – Here’s Why

Global X Cybersecurity ETF (NASDAQ:BUG) shares hit a new 52-week high on Monday . The company traded as high as $42.76 and last traded at $42.76, with a volume of 176953 shares trading hands. The stock had previously closed at $41.68.

Global X Cybersecurity ETF Stock Up 3.3%

The firm has a market capitalization of $1.51 billion, a P/E ratio of 37.03 and a beta of 0.88. The firm’s 50-day simple moving average is $37.61 and its 200-day simple moving average is $31.18.

Institutional Trading of Global X Cybersecurity ETF

Several institutional investors and hedge funds have recently made changes to their positions in BUG. Herbst Group LLC purchased a new position in Global X Cybersecurity ETF in the second quarter worth $210,000. Tactive Advisors LLC bought a new position in Global X Cybersecurity ETF in the second quarter valued at $227,000. Hamilton Wealth LLC purchased a new stake in Global X Cybersecurity ETF during the first quarter valued at about $372,000. Optiver Holding B.V. purchased a new stake in Global X Cybersecurity ETF during the first quarter valued at about $50,000. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in Global X Cybersecurity ETF during the first quarter valued at about $618,000.

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.