Short Interest in Global X Cybersecurity ETF (NASDAQ:BUG) Rises By 97.1%

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 867,619 shares, an increase of 97.1% from the June 15th total of 440,082 shares. Based on an average daily trading volume, of 902,235 shares, the short-interest ratio is currently 1.0 days. Approximately 2.8% of the company’s shares are short sold.

Global X Cybersecurity ETF Trading Up 0.4%

BUG opened at $40.88 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of 37.03 and a beta of 0.88. The business’s 50-day moving average price is $35.76 and its 200-day moving average price is $30.27. Global X Cybersecurity ETF has a 12 month low of $23.15 and a 12 month high of $42.71.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Moss Adams Wealth Advisors LLC lifted its position in Global X Cybersecurity ETF by 4.1% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,586,531 shares of the company’s stock valued at $48,341,000 after purchasing an additional 62,177 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Global X Cybersecurity ETF by 1.5% in the second quarter. Raymond James Financial Inc. now owns 398,117 shares of the company’s stock worth $14,770,000 after purchasing an additional 5,710 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Global X Cybersecurity ETF by 3.4% in the third quarter. Bank of America Corp DE now owns 320,745 shares of the company’s stock worth $11,287,000 after purchasing an additional 10,496 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new position in shares of Global X Cybersecurity ETF in the first quarter worth $7,474,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global X Cybersecurity ETF by 7.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 262,616 shares of the company’s stock worth $7,999,000 after buying an additional 18,505 shares during the period.

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.