Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 1-Year High – Should You Buy?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) hit a new 52-week high on Friday. The stock traded as high as $49.67 and last traded at $49.6310, with a volume of 1112773 shares trading hands. The stock had previously closed at $47.94.

Global X Cybersecurity ETF Trading Up 3.5%

The stock has a market cap of $2.29 billion, a PE ratio of 37.03 and a beta of 0.87. The company’s 50 day moving average is $43.22 and its 200-day moving average is $36.28.

Institutional Trading of Global X Cybersecurity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in Global X Cybersecurity ETF in the first quarter valued at about $35,000. Optiver Holding B.V. purchased a new stake in Global X Cybersecurity ETF during the 1st quarter worth approximately $50,000. Western Wealth Management LLC acquired a new position in shares of Global X Cybersecurity ETF in the 1st quarter valued at approximately $51,000. Herbst Group LLC acquired a new position in shares of Global X Cybersecurity ETF in the 2nd quarter valued at approximately $210,000. Finally, Tactive Advisors LLC purchased a new position in shares of Global X Cybersecurity ETF during the 2nd quarter valued at approximately $227,000.

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.