Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually-high trading volume on Thursday . Approximately 565,418 shares changed hands during mid-day trading, an increase of 123% from the previous session’s volume of 253,760 shares.The stock last traded at $36.10 and had previously closed at $35.35.

Global X Cybersecurity ETF Price Performance

The firm has a market capitalization of $914.05 million, a PE ratio of 29.10 and a beta of 0.86. The company’s fifty day simple moving average is $33.33 and its 200 day simple moving average is $31.82.

Global X Cybersecurity ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid a dividend of $0.0305 per share. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BUG. FMR LLC boosted its holdings in shares of Global X Cybersecurity ETF by 213.1% in the third quarter. FMR LLC now owns 1,221 shares of the company’s stock worth $38,000 after acquiring an additional 831 shares during the period. ERn Financial LLC lifted its holdings in Global X Cybersecurity ETF by 1.8% during the 3rd quarter. ERn Financial LLC now owns 37,931 shares of the company’s stock worth $1,174,000 after purchasing an additional 660 shares in the last quarter. Bleakley Financial Group LLC bought a new position in Global X Cybersecurity ETF in the 4th quarter worth about $239,000. Synovus Financial Corp purchased a new position in Global X Cybersecurity ETF during the 3rd quarter valued at about $223,000. Finally, Moss Adams Wealth Advisors LLC grew its holdings in Global X Cybersecurity ETF by 2.9% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 1,350,101 shares of the company’s stock valued at $41,786,000 after buying an additional 38,538 shares in 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.