Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Volume Increase – What’s Next?

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw strong trading volume on Tuesday . 676,025 shares changed hands during trading, an increase of 317% from the previous session’s volume of 161,972 shares.The stock last traded at $34.36 and had previously closed at $33.26.

Global X Cybersecurity ETF Price Performance

The stock’s 50-day moving average is $33.02 and its 200-day moving average is $31.39. The stock has a market cap of $852.69 million, a price-to-earnings ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a dividend of $0.0305 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its position in shares of Global X Cybersecurity ETF by 255.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,067 shares of the company’s stock worth $34,000 after purchasing an additional 767 shares during the last quarter. FMR LLC raised 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 valued at $38,000 after buying an additional 831 shares during the last quarter. Alpha Cubed Investments LLC bought a new position in Global X Cybersecurity ETF in the 4th quarter valued at $212,000. Synovus Financial Corp bought a new stake in shares of Global X Cybersecurity ETF during the third quarter worth approximately $223,000. Finally, Verity Asset Management Inc. acquired a new position in Global X Cybersecurity ETF in the fourth quarter valued at about $228,000.

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.