Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 1-Year High – Here’s What Happened

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $50.60 and last traded at $50.2170, with a volume of 31,593 shares changing hands. The stock had previously closed at $49.93.

Global X Cybersecurity ETF Trading Up 0.5%

The firm has a 50-day moving average price of $44.44 and a 200-day moving average price of $37.99. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 37.03 and a beta of 0.87.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new position in shares of Global X Cybersecurity ETF during the third quarter worth about $38,000. Geneos Wealth Management Inc. bought a new position in shares of Global X Cybersecurity ETF in the first quarter worth $35,000. Optiver Holding B.V. bought a new stake in shares of Global X Cybersecurity ETF during the 1st quarter worth $50,000. Western Wealth Management LLC acquired a new stake in shares of Global X Cybersecurity ETF during the 1st quarter valued at $51,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Global X Cybersecurity ETF during the third quarter worth $154,000.

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.