Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Down 20.3% in December

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

Institutional Trading of Global X Cybersecurity ETF

Several hedge funds have recently bought and sold shares of the business. Granite Bay Wealth Management LLC bought a new position in shares of Global X Cybersecurity ETF in the second quarter valued at $8,858,000. Merit Financial Group LLC acquired a new stake in shares of Global X Cybersecurity ETF in the 4th quarter worth about $5,131,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Global X Cybersecurity ETF by 25.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 202,799 shares of the company’s stock valued at $6,220,000 after acquiring an additional 40,799 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in Global X Cybersecurity ETF by 2.9% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 1,350,101 shares of the company’s stock valued at $41,786,000 after purchasing an additional 38,538 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Global X Cybersecurity ETF by 16.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 84,884 shares of the company’s stock worth $2,511,000 after purchasing an additional 12,294 shares in the last quarter.

Global X Cybersecurity ETF Stock Down 0.4 %

NASDAQ:BUG traded down $0.13 on Friday, hitting $32.49. The stock had a trading volume of 121,703 shares, compared to its average volume of 151,946. Global X Cybersecurity ETF has a 52 week low of $26.03 and a 52 week high of $34.92. The business’s fifty day moving average is $33.01 and its 200 day moving average is $31.22. The company has a market cap of $801.85 million, a PE ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF Announces Dividend

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

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.