Global X Cybersecurity ETF (NASDAQ:BUG) Shares Down 1.1% – Here’s Why

Global X Cybersecurity ETF (NASDAQ:BUGGet Free Report)’s share price traded down 1.1% during mid-day trading on Tuesday . The stock traded as low as $30.98 and last traded at $31.15. 625,262 shares were traded during mid-day trading, an increase of 117% from the average session volume of 288,503 shares. The stock had previously closed at $31.49.

Global X Cybersecurity ETF Stock Down 1.1%

The firm has a market cap of $997.11 million, a price-to-earnings ratio of 37.03 and a beta of 0.84. The stock’s 50 day moving average is $32.80 and its 200 day moving average is $34.24.

Institutional Trading of Global X Cybersecurity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BUG. Atlantic Union Bankshares Corp bought a new position in Global X Cybersecurity ETF during the second quarter valued at about $29,000. Elevation Point Wealth Partners LLC acquired a new stake in Global X Cybersecurity ETF in the 2nd quarter valued at about $30,000. AE Wealth Management LLC lifted its holdings in Global X Cybersecurity ETF by 553.2% in the 3rd quarter. AE Wealth Management LLC now owns 823 shares of the company’s stock valued at $29,000 after acquiring an additional 697 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Global X Cybersecurity ETF by 88.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 469 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Global X Cybersecurity ETF in the 2nd quarter worth approximately $38,000.

About Global X Cybersecurity ETF

(Get Free Report)

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.

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