Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume – Here’s Why

Global X Cybersecurity ETF (NASDAQ:BUG) saw an uptick in trading volume on Wednesday . Approximately 1,154,150 shares changed hands during trading, an increase of 4% from the previous session’s volume of 1,112,954 shares.The stock last traded at $38.35 and had previously closed at $39.26.

Global X Cybersecurity ETF Stock Performance

The company has a market cap of $1.26 billion, a P/E ratio of 37.03 and a beta of 0.88. The firm’s fifty day moving average is $36.14 and its two-hundred day moving average is $30.40.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BUG. Biltmore Family Office LLC grew its stake in Global X Cybersecurity ETF by 19.4% in the 4th quarter. Biltmore Family Office LLC now owns 200,540 shares of the company’s stock worth $6,111,000 after acquiring an additional 32,649 shares in the last quarter. World Investment Advisors acquired a new stake in Global X Cybersecurity ETF during the 1st quarter worth about $427,000. First Interstate Bank acquired a new position in Global X Cybersecurity ETF during the first quarter valued at $3,838,000. IMC Chicago LLC acquired a new stake in Global X Cybersecurity ETF during the first quarter valued at $1,891,000. Finally, Rockefeller Capital Management L.P. boosted its position in Global X Cybersecurity ETF by 344.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 50,764 shares of the company’s stock worth $1,546,000 after purchasing an additional 39,332 shares in the last quarter.

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.