Short Interest in Global X Cybersecurity ETF (NASDAQ:BUG) Declines By 20.3%

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 230,400 shares, a decrease of 20.3% from the December 15th total of 289,000 shares. Based on an average daily volume of 136,200 shares, the days-to-cover ratio is currently 1.7 days.

Global X Cybersecurity ETF Price Performance

Shares of BUG traded down $0.13 during mid-day trading on Friday, reaching $32.49. The company had a trading volume of 121,703 shares, compared to its average volume of 151,946. Global X Cybersecurity ETF has a twelve month low of $26.03 and a twelve month high of $34.92. The company has a market capitalization of $801.85 million, a P/E ratio of 29.10 and a beta of 0.86. The company’s 50-day moving average is $33.01 and its 200-day moving average is $31.22.

Global X Cybersecurity ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a $0.0305 dividend. The ex-dividend date was Monday, December 30th.

Institutional Trading of Global X Cybersecurity ETF

Institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in Global X Cybersecurity ETF by 213.1% in the 3rd quarter. FMR LLC now owns 1,221 shares of the company’s stock valued at $38,000 after acquiring an additional 831 shares in the last quarter. Alpha Cubed Investments LLC acquired a new position in Global X Cybersecurity ETF in the 4th quarter valued at $212,000. Synovus Financial Corp bought a new stake in Global X Cybersecurity ETF during the third quarter worth about $223,000. Claro Advisors LLC boosted its stake in Global X Cybersecurity ETF by 30.4% in the third quarter. Claro Advisors LLC now owns 9,631 shares of the company’s stock valued at $298,000 after buying an additional 2,248 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Global X Cybersecurity ETF by 7.9% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,730 shares of the company’s stock worth $301,000 after acquiring an additional 709 shares during the last quarter.

About Global X Cybersecurity ETF

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.