Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Decrease in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 51,500 shares, a drop of 83.2% from the August 15th total of 307,400 shares. Based on an average trading volume of 182,700 shares, the days-to-cover ratio is currently 0.3 days.

Global X Cybersecurity ETF Trading Up 1.2 %

NASDAQ:BUG traded up $0.36 on Friday, reaching $29.93. 80,426 shares of the stock traded hands, compared to its average volume of 200,076. The company has a market capitalization of $800.33 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a 12 month low of $22.55 and a 12 month high of $31.78. The company’s fifty day simple moving average is $29.65 and its 200 day simple moving average is $29.27.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Several institutional investors and hedge funds have recently made changes to their positions in BUG. Level Four Advisory Services LLC raised its stake in Global X Cybersecurity ETF by 5.2% during the 4th quarter. Level Four Advisory Services LLC now owns 119,615 shares of the company’s stock valued at $3,506,000 after buying an additional 5,895 shares during the last quarter. L.M. Kohn & Company increased its stake in Global X Cybersecurity ETF by 8.9% in the 4th quarter. L.M. Kohn & Company now owns 11,338 shares of the company’s stock worth $332,000 after acquiring an additional 926 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Global X Cybersecurity ETF by 67.9% during the 4th quarter. Parallel Advisors LLC now owns 5,046 shares of the company’s stock valued at $148,000 after buying an additional 2,041 shares in the last quarter. Ratio Wealth Group lifted its position in Global X Cybersecurity ETF by 6.5% in the fourth quarter. Ratio Wealth Group now owns 40,631 shares of the company’s stock worth $1,191,000 after buying an additional 2,497 shares during the last quarter. Finally, Per Stirling Capital Management LLC. purchased a new position in shares of Global X Cybersecurity ETF during the 4th quarter worth about $342,000.

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.