Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 12-Month Low – What’s Next?

Global X Cybersecurity ETF (NASDAQ:BUG)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.91 and last traded at $26.1590, with a volume of 1052491 shares changing hands. The stock had previously closed at $26.90.

Global X Cybersecurity ETF Trading Down 4.9%

The stock has a market capitalization of $786.53 million, a price-to-earnings ratio of 37.03 and a beta of 0.84. The company’s 50 day moving average is $29.60 and its 200 day moving average is $32.31.

Global X Cybersecurity ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a $0.0119 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 8.0%.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Global X Cybersecurity ETF in the 2nd quarter valued at $29,000. AE Wealth Management LLC grew its position in Global X Cybersecurity ETF by 553.2% during the 3rd quarter. AE Wealth Management LLC now owns 823 shares of the company’s stock worth $29,000 after purchasing an additional 697 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Global X Cybersecurity ETF during the 2nd quarter worth $30,000. Parallel Advisors LLC grew 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 worth $35,000 after buying an additional 469 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Global X Cybersecurity ETF in the 2nd quarter valued at about $38,000.

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.