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

Global X Cybersecurity ETF (NASDAQ:BUG) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,050,000 shares, an increase of 291.9% from the January 31st total of 267,900 shares. Based on an average trading volume of 220,100 shares, the short-interest ratio is presently 4.8 days.

Institutional Trading of Global X Cybersecurity ETF

A number of large investors have recently added to or reduced their stakes in BUG. Global Retirement Partners LLC boosted its holdings in shares of Global X Cybersecurity ETF by 99.3% in the 4th quarter. Global Retirement Partners LLC now owns 811 shares of the company’s stock worth $26,000 after purchasing an additional 404 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Global X Cybersecurity ETF by 255.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,067 shares of the company’s stock valued at $34,000 after purchasing an additional 767 shares during the last quarter. FMR LLC raised 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 worth $38,000 after purchasing an additional 831 shares during the period. Bernard Wealth Management Corp. bought a new stake in Global X Cybersecurity ETF in the fourth quarter worth about $46,000. Finally, Allworth Financial LP bought a new stake in Global X Cybersecurity ETF in the fourth quarter worth about $171,000.

Global X Cybersecurity ETF Stock Up 0.6 %

BUG stock traded up $0.21 during mid-day trading on Friday, hitting $33.80. The company had a trading volume of 52,951 shares, compared to its average volume of 271,435. The company has a market capitalization of $847.37 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. The company has a 50-day moving average price of $33.69 and a 200 day moving average price of $32.32. Global X Cybersecurity ETF has a 12-month low of $26.03 and a 12-month high of $36.81.

Global X Cybersecurity ETF Announces Dividend

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

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.