Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 52-Week Low – Time to Sell?

Global X Cybersecurity ETF (NASDAQ:BUG) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $28.58 and last traded at $28.6030, with a volume of 616306 shares trading hands. The stock had previously closed at $29.96.

Global X Cybersecurity ETF Stock Down 0.7%

The company has a fifty day moving average price of $30.82 and a 200 day moving average price of $33.08. The stock has a market cap of $883.81 million, a PE ratio of 37.03 and a beta of 0.84.

Global X Cybersecurity ETF Announces Dividend

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

Institutional Trading of Global X Cybersecurity ETF

A number of institutional investors have recently made changes to their positions in the stock. O ROURKE & COMPANY Inc increased its stake in shares of Global X Cybersecurity ETF by 2.0% in the fourth quarter. O ROURKE & COMPANY Inc now owns 18,099 shares of the company’s stock worth $551,000 after buying an additional 353 shares during the period. Comerica Bank grew its holdings in Global X Cybersecurity ETF by 9.4% in the 4th quarter. Comerica Bank now owns 4,759 shares of the company’s stock worth $145,000 after acquiring an additional 409 shares during the last quarter. OMNI 360 Wealth Inc. increased its position in shares of Global X Cybersecurity ETF by 4.8% in the third quarter. OMNI 360 Wealth Inc. now owns 10,068 shares of the company’s stock valued at $354,000 after acquiring an additional 465 shares during the period. HighTower Advisors LLC raised its stake in shares of Global X Cybersecurity ETF by 0.3% during the third quarter. HighTower Advisors LLC now owns 145,567 shares of the company’s stock valued at $5,123,000 after acquiring an additional 466 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in shares of Global X Cybersecurity ETF by 5.8% during the fourth quarter. NBC Securities Inc. now owns 8,501 shares of the company’s stock valued at $259,000 after acquiring an additional 466 shares during the last quarter.

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.