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

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,601,973 shares, an increase of 84.6% from the June 30th total of 867,619 shares. Based on an average trading volume of 1,303,391 shares, the short-interest ratio is currently 1.2 days. Approximately 4.9% of the company’s stock are sold short.

Institutional Trading of Global X Cybersecurity ETF

Several hedge funds and other institutional investors have recently modified their holdings of BUG. Moss Adams Wealth Advisors LLC raised its holdings in Global X Cybersecurity ETF by 4.1% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,586,531 shares of the company’s stock worth $48,341,000 after acquiring an additional 62,177 shares in the last quarter. Raymond James Financial Inc. grew its stake in Global X Cybersecurity ETF by 1.5% in the second quarter. Raymond James Financial Inc. now owns 398,117 shares of the company’s stock valued at $14,770,000 after purchasing an additional 5,710 shares in the last quarter. Bank of America Corp DE increased its position in shares of Global X Cybersecurity ETF by 3.4% during the 3rd quarter. Bank of America Corp DE now owns 320,745 shares of the company’s stock worth $11,287,000 after purchasing an additional 10,496 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Global X Cybersecurity ETF during the 1st quarter worth approximately $7,474,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Global X Cybersecurity ETF by 7.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 262,616 shares of the company’s stock worth $7,999,000 after purchasing an additional 18,505 shares in the last quarter.

Global X Cybersecurity ETF Trading Up 1.5%

BUG opened at $38.08 on Friday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 37.03 and a beta of 0.88. Global X Cybersecurity ETF has a 12 month low of $23.15 and a 12 month high of $42.71. The firm’s fifty day simple moving average is $36.97 and its 200 day simple moving average is $30.80.

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.