Global X Cybersecurity ETF (NASDAQ:BUG – Get Free Report) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 867,619 shares, a growth of 97.1% from the June 15th total of 440,082 shares. Based on an average trading volume of 902,235 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.8% of the shares of the company are short sold.
Global X Cybersecurity ETF Trading Down 2.7%
NASDAQ:BUG opened at $40.86 on Thursday. The firm has a market cap of $1.28 billion, a P/E ratio of 37.03 and a beta of 0.88. The stock’s 50 day simple moving average is $35.33 and its 200-day simple moving average is $30.13. Global X Cybersecurity ETF has a 12-month low of $23.15 and a 12-month high of $42.71.
Hedge Funds Weigh In On Global X Cybersecurity ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of BUG. Royal Bank of Canada lifted its stake in shares of Global X Cybersecurity ETF by 14.7% in the 1st quarter. Royal Bank of Canada now owns 211,842 shares of the company’s stock worth $6,851,000 after acquiring an additional 27,101 shares during the period. Creative Planning acquired a new position in shares of Global X Cybersecurity ETF during the second quarter worth about $231,000. JPMorgan Chase & Co. increased its stake in shares of Global X Cybersecurity ETF by 36.8% during the second quarter. JPMorgan Chase & Co. now owns 125,424 shares of the company’s stock worth $4,653,000 after acquiring an additional 33,714 shares during the period. Cresset Asset Management LLC raised its holdings in Global X Cybersecurity ETF by 9.2% during the second quarter. Cresset Asset Management LLC now owns 13,187 shares of the company’s stock worth $489,000 after purchasing an additional 1,115 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Global X Cybersecurity ETF during the second quarter worth about $632,000.
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.
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