Global X Cybersecurity ETF (NASDAQ:BUG) Trading 7% Higher – Should You Buy?

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price rose 7% during trading on Monday . The stock traded as high as $42.39 and last traded at $42.8590. 459,940 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,139,089 shares. The stock had previously closed at $40.04.

Global X Cybersecurity ETF Stock Up 9.8%

The stock has a 50 day simple moving average of $40.63 and a 200 day simple moving average of $33.59. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88.

Institutional Trading of Global X Cybersecurity ETF

A number of hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in shares of Global X Cybersecurity ETF during the first quarter worth $35,000. Parallel Advisors LLC grew its holdings in Global X Cybersecurity ETF by 88.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 469 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Global X Cybersecurity ETF during the 4th quarter valued at $39,000. Triumph Capital Management acquired a new stake in Global X Cybersecurity ETF during the 3rd quarter valued at $44,000. Finally, Barclays PLC purchased a new stake in Global X Cybersecurity ETF during the 4th quarter worth $46,000.

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.