Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Growth in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 144,800 shares, an increase of 84.9% from the September 30th total of 78,300 shares. Based on an average daily volume of 149,500 shares, the days-to-cover ratio is currently 1.0 days.

Global X Cybersecurity ETF Trading Up 0.2 %

BUG stock traded up $0.07 during trading on Friday, reaching $31.10. 50,660 shares of the stock were exchanged, compared to its average volume of 186,785. The firm has a market capitalization of $758.53 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. The business has a 50 day moving average price of $30.72 and a 200-day moving average price of $29.50. Global X Cybersecurity ETF has a 1 year low of $22.55 and a 1 year high of $32.65.

Hedge Funds Weigh In On Global X Cybersecurity ETF

A number of hedge funds have recently modified their holdings of the business. BNP Paribas purchased a new position in shares of Global X Cybersecurity ETF during the 1st quarter worth approximately $25,000. Aptus Capital Advisors LLC lifted its stake in Global X Cybersecurity ETF by 107.4% during the 2nd quarter. Aptus Capital Advisors LLC now owns 1,091 shares of the company’s stock worth $32,000 after acquiring an additional 565 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Global X Cybersecurity ETF during the 2nd quarter valued at about $59,000. International Assets Investment Management LLC acquired a new position in Global X Cybersecurity ETF in the 2nd quarter valued at about $66,000. Finally, Geneos Wealth Management Inc. grew its position in Global X Cybersecurity ETF by 17.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,429 shares of the company’s stock valued at $72,000 after acquiring an additional 362 shares in 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.