Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Down 79.2% in February

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 218,400 shares, a drop of 79.2% from the February 13th total of 1,050,000 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 229,700 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at $11,115,000. Merit Financial Group LLC acquired a new stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at $5,131,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global X Cybersecurity ETF by 61.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 326,606 shares of the company’s stock valued at $10,550,000 after buying an additional 123,807 shares during the period. Potentia Wealth acquired a new stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at $3,958,000. Finally, TigerOak Management L.L.C. acquired a new stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at $3,113,000.

Global X Cybersecurity ETF Price Performance

Shares of Global X Cybersecurity ETF stock traded up $0.25 during midday trading on Wednesday, hitting $32.70. 221,379 shares of the company were exchanged, compared to its average volume of 272,043. The firm has a market cap of $819.66 million, a P/E ratio of 34.24 and a beta of 0.86. Global X Cybersecurity ETF has a 52 week low of $26.03 and a 52 week high of $36.81. The firm has a 50 day simple moving average of $33.81 and a 200-day simple moving average of $32.52.

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 issued a dividend of $0.0305 per share. The ex-dividend date of this dividend was Monday, December 30th.

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.