Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Down 54.6% in July

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 727,238 shares, a decline of 54.6% from the July 15th total of 1,601,973 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,367,595 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Global X Cybersecurity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Biltmore Family Office LLC boosted its stake in shares of Global X Cybersecurity ETF by 19.4% during the 4th quarter. Biltmore Family Office LLC now owns 200,540 shares of the company’s stock valued at $6,111,000 after buying an additional 32,649 shares during the period. World Investment Advisors acquired a new position in shares of Global X Cybersecurity ETF in the first quarter worth $427,000. Cassady Wealth & Retirement Planning LLC increased its stake in shares of Global X Cybersecurity ETF by 48.6% in the first quarter. Cassady Wealth & Retirement Planning LLC now owns 70,157 shares of the company’s stock worth $1,863,000 after acquiring an additional 22,943 shares during the last quarter. First Interstate Bank purchased a new stake in shares of Global X Cybersecurity ETF during the first quarter worth $3,838,000. Finally, IMC Chicago LLC purchased a new stake in shares of Global X Cybersecurity ETF during the first quarter worth $1,891,000.

Global X Cybersecurity ETF Trading Down 2.6%

Shares of BUG traded down $1.11 during midday trading on Monday, hitting $41.98. The stock had a trading volume of 1,058,450 shares, compared to its average volume of 1,129,793. Global X Cybersecurity ETF has a fifty-two week low of $23.15 and a fifty-two week high of $44.55. The business has a 50-day simple moving average of $38.22 and a two-hundred day simple moving average of $31.66. The firm has a market cap of $1.47 billion, a P/E ratio of 37.03 and a beta of 0.88.

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.