Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 1-Year High – What’s Next?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) hit a new 52-week high during trading on Friday. The company traded as high as $47.54 and last traded at $47.2860, with a volume of 114530 shares trading hands. The stock had previously closed at $46.48.

Global X Cybersecurity ETF Price Performance

The company has a fifty day moving average price of $42.19 and a 200 day moving average price of $35.52. The company has a market capitalization of $2.09 billion, a P/E ratio of 37.03 and a beta of 0.88.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BUG. Geneos Wealth Management Inc. bought a new stake in Global X Cybersecurity ETF in the first quarter valued at $35,000. Optiver Holding B.V. bought a new position in shares of Global X Cybersecurity ETF during the first quarter worth about $50,000. Western Wealth Management LLC acquired a new stake in shares of Global X Cybersecurity ETF in the 1st quarter worth about $51,000. Independent Financial Group LLC acquired a new stake in shares of Global X Cybersecurity ETF in the 1st quarter worth about $206,000. Finally, Herbst Group LLC bought a new stake in Global X Cybersecurity ETF in the 2nd quarter valued at about $210,000.

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.