Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Update

Global X Cybersecurity ETF (NASDAQ:BUG) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,601,973 shares, a growth of 84.6% from the June 30th total of 867,619 shares. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,303,391 shares, the short-interest ratio is presently 1.2 days.

Global X Cybersecurity ETF Trading Down 0.6%

Shares of Global X Cybersecurity ETF stock traded down $0.22 during mid-day trading on Thursday, hitting $36.86. 286,545 shares of the stock were exchanged, compared to its average volume of 1,131,682. The company has a 50-day simple moving average of $36.81 and a 200 day simple moving average of $30.70. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. Global X Cybersecurity ETF has a twelve month low of $23.15 and a twelve month high of $42.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its position in Global X Cybersecurity ETF by 14.7% during the first quarter. Royal Bank of Canada now owns 211,842 shares of the company’s stock worth $6,851,000 after purchasing an additional 27,101 shares during the last quarter. Creative Planning acquired a new stake in Global X Cybersecurity ETF during the second quarter worth about $231,000. JPMorgan Chase & Co. raised its holdings in shares of Global X Cybersecurity ETF by 36.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 125,424 shares of the company’s stock worth $4,653,000 after purchasing an additional 33,714 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Global X Cybersecurity ETF by 9.2% in the 2nd 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 during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Global X Cybersecurity ETF in the 2nd quarter valued at about $632,000.

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.