Short Interest in Global X Cybersecurity ETF (NASDAQ:BUG) Rises By 138.0%

Global X Cybersecurity ETF (NASDAQ:BUG) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 78,300 shares, a growth of 138.0% from the September 15th total of 32,900 shares. Based on an average daily trading volume, of 165,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of institutional investors have recently added to or reduced their stakes in BUG. Pinnacle Wealth Management Group Inc. grew its holdings in Global X Cybersecurity ETF by 3.3% during the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 80,243 shares of the company’s stock valued at $2,484,000 after buying an additional 2,531 shares in the last quarter. WealthBridge Investment Counsel Inc. grew its stake in shares of Global X Cybersecurity ETF by 0.5% in the 3rd quarter. WealthBridge Investment Counsel Inc. now owns 96,400 shares of the company’s stock worth $2,984,000 after buying an additional 500 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Global X Cybersecurity ETF by 7.9% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,730 shares of the company’s stock worth $301,000 after buying an additional 709 shares during the last quarter. Granite Bay Wealth Management LLC raised its position in shares of Global X Cybersecurity ETF by 13.5% during the 3rd quarter. Granite Bay Wealth Management LLC now owns 339,999 shares of the company’s stock valued at $10,523,000 after buying an additional 40,539 shares in the last quarter. Finally, PVG Asset Management Corp bought a new position in shares of Global X Cybersecurity ETF in the 2nd quarter valued at about $329,000.

Global X Cybersecurity ETF Trading Up 1.1 %

NASDAQ:BUG opened at $32.33 on Friday. The stock has a 50-day moving average price of $30.16 and a 200 day moving average price of $29.35. Global X Cybersecurity ETF has a 12-month low of $22.55 and a 12-month high of $32.45. The stock has a market capitalization of $794.02 million, a P/E ratio of 29.10 and a beta of 0.86.

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.