Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Up 52.3% in January

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 267,900 shares, an increase of 52.3% from the January 15th total of 175,900 shares. Based on an average trading volume of 189,600 shares, the short-interest ratio is currently 1.4 days.

Global X Cybersecurity ETF Stock Performance

BUG stock traded up $0.95 during midday trading on Thursday, hitting $36.30. 758,308 shares of the company’s stock were exchanged, compared to its average volume of 257,700. The stock’s fifty day moving average price is $33.33 and its 200-day moving average price is $31.82. The company has a market cap of $910.04 million, a PE ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a one year low of $26.03 and a one year high of $36.37.

Global X Cybersecurity ETF Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its holdings in shares of Global X Cybersecurity ETF by 3.3% in the fourth quarter. Advisory Services Network LLC now owns 11,357 shares of the company’s stock valued at $364,000 after purchasing an additional 358 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Global X Cybersecurity ETF in the fourth quarter valued at about $46,000. Envestnet Asset Management Inc. increased its position in shares of Global X Cybersecurity ETF by 22.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 121,626 shares of the company’s stock valued at $3,903,000 after acquiring an additional 22,642 shares during the last quarter. Oarsman Capital Inc. increased its position in shares of Global X Cybersecurity ETF by 5.1% in the fourth quarter. Oarsman Capital Inc. now owns 48,058 shares of the company’s stock valued at $1,542,000 after acquiring an additional 2,334 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in shares of Global X Cybersecurity ETF by 3.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 18,251 shares of the company’s stock valued at $581,000 after acquiring an additional 598 shares during the last quarter.

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.