Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 52-Week Low – What’s Next?

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $28.58 and last traded at $28.6030, with a volume of 616306 shares changing hands. The stock had previously closed at $29.96.

Global X Cybersecurity ETF Price Performance

The company has a 50-day moving average price of $30.91 and a two-hundred day moving average price of $33.16. The company has a market cap of $885.66 million, a PE ratio of 37.03 and a beta of 0.84.

Global X Cybersecurity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a $0.0119 dividend. This represents a yield of 8.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BUG. Alaska Permanent Capital Management LLC bought a new position in Global X Cybersecurity ETF during the 3rd quarter worth approximately $7,249,000. Truist Financial Corp bought a new stake in shares of Global X Cybersecurity ETF in the 2nd quarter valued at approximately $275,000. Brookstone Capital Management raised its position in shares of Global X Cybersecurity ETF by 200.0% during the 3rd quarter. Brookstone Capital Management now owns 48,533 shares of the company’s stock valued at $1,708,000 after acquiring an additional 32,356 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its position in shares of Global X Cybersecurity ETF by 7.3% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 1,524,354 shares of the company’s stock valued at $53,642,000 after acquiring an additional 103,129 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Global X Cybersecurity ETF by 86.9% during the third quarter. Park Avenue Securities LLC now owns 64,216 shares of the company’s stock worth $2,260,000 after purchasing an additional 29,850 shares during 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.