Global X Cybersecurity ETF (NASDAQ:BUG) Sees Significant Decline in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 105,300 shares, a drop of 27.3% from the October 15th total of 144,800 shares. Based on an average daily volume of 120,600 shares, the days-to-cover ratio is presently 0.9 days.

Global X Cybersecurity ETF Trading Down 1.9 %

NASDAQ:BUG traded down $0.63 on Friday, reaching $32.53. 135,227 shares of the stock traded hands, compared to its average volume of 183,590. The company has a market capitalization of $788.53 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a 12 month low of $24.96 and a 12 month high of $34.16. The company’s fifty day simple moving average is $31.13 and its 200 day simple moving average is $29.88.

Institutional Trading of Global X Cybersecurity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Aptus Capital Advisors LLC boosted its holdings in shares of 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 valued at $32,000 after acquiring an additional 565 shares during the last quarter. FMR LLC boosted its holdings in shares of Global X Cybersecurity ETF by 213.1% during 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 during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Global X Cybersecurity ETF during the 2nd quarter valued at about $59,000. International Assets Investment Management LLC purchased a new stake in shares of Global X Cybersecurity ETF during the 2nd quarter valued at about $66,000. Finally, Wedmont Private Capital purchased a new stake in shares of Global X Cybersecurity ETF during the 2nd quarter valued at about $201,000.

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.