Global X Cybersecurity ETF (NASDAQ:BUG) Sets New 12-Month Low – What’s Next?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) reached a new 52-week low on Friday . The company traded as low as $23.94 and last traded at $24.03, with a volume of 513468 shares traded. The stock had previously closed at $25.19.

Global X Cybersecurity ETF Stock Down 4.1%

The stock’s 50 day moving average price is $27.10 and its 200-day moving average price is $30.97. The stock has a market capitalization of $743.16 million, a PE ratio of 37.03 and a beta of 0.84.

Global X Cybersecurity ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a dividend of $0.0119 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 8.0%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AE Wealth Management LLC lifted its holdings in shares of Global X Cybersecurity ETF by 553.2% in the 3rd quarter. AE Wealth Management LLC now owns 823 shares of the company’s stock worth $29,000 after buying an additional 697 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Global X Cybersecurity ETF during the second quarter valued at $30,000. Parallel Advisors LLC raised its holdings in shares of Global X Cybersecurity ETF by 88.3% in the third quarter. Parallel Advisors LLC now owns 1,000 shares of the company’s stock valued at $35,000 after acquiring an additional 469 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Global X Cybersecurity ETF in the second quarter valued at about $38,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Global X Cybersecurity ETF in the fourth quarter worth about $39,000.

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.