Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume – Time to Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw unusually-high trading volume on Thursday. 1,947,381 shares were traded during trading, an increase of 54% from the average daily volume of 1,261,864 shares. The stock last traded at $50.3760 and had previously closed at $51.90.

Global X Cybersecurity ETF Stock Down 3.2%

The business has a fifty day moving average price of $45.43 and a 200-day moving average price of $35.20. The company has a market cap of $2.25 billion, a P/E ratio of 37.03 and a beta of 0.87.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC bought a new position in Global X Cybersecurity ETF during the 3rd quarter worth $72,827,000. Ayalon Insurance Comp Ltd. acquired a new position in Global X Cybersecurity ETF in the 3rd quarter valued at $29,620,000. Diversify Advisory Services LLC acquired a new position in Global X Cybersecurity ETF in the 3rd quarter valued at $22,630,000. Hamilton Capital LLC bought a new stake in shares of Global X Cybersecurity ETF during the 3rd quarter valued at $15,406,000. Finally, Insight Wealth Strategies LLC bought a new stake in shares of Global X Cybersecurity ETF during the 3rd quarter valued at $8,519,000.

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.