Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Volume Increase – Time to Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw an uptick in trading volume on Monday . 126,860 shares traded hands during mid-day trading, a decline of 31% from the previous session’s volume of 182,567 shares.The stock last traded at $31.99 and had previously closed at $32.84.

Global X Cybersecurity ETF Stock Down 2.3 %

The company has a market capitalization of $804.47 million, a P/E ratio of 31.16 and a beta of 0.86. The business has a 50 day simple moving average of $34.12 and a 200-day simple moving average of $32.81.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Global X Cybersecurity ETF during the 4th quarter valued at $11,115,000. Merit Financial Group LLC acquired a new position in shares of Global X Cybersecurity ETF during the fourth quarter valued at $5,131,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Global X Cybersecurity ETF by 61.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 326,606 shares of the company’s stock valued at $10,550,000 after purchasing an additional 123,807 shares in the last quarter. Potentia Wealth acquired a new stake in Global X Cybersecurity ETF in the fourth quarter worth about $3,958,000. Finally, TigerOak Management L.L.C. bought a new position in Global X Cybersecurity ETF in the 4th quarter valued at about $3,113,000.

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.