Global X Cybersecurity ETF (NASDAQ:BUG) Shares Gap Up – Should You Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares gapped up prior to trading on Thursday . The stock had previously closed at $39.98, but opened at $42.09. Global X Cybersecurity ETF shares last traded at $43.44, with a volume of 550,823 shares changing hands.

Global X Cybersecurity ETF Stock Up 8.5%

The firm’s 50 day simple moving average is $39.27 and its two-hundred day simple moving average is $32.35. The stock has a market capitalization of $1.52 billion, a P/E ratio of 37.03 and a beta of 0.88.

Institutional Trading of Global X Cybersecurity ETF

Large investors have recently made changes to their positions in the company. Herbst Group LLC acquired a new position in Global X Cybersecurity ETF during the 2nd quarter worth approximately $210,000. Tactive Advisors LLC acquired a new stake in Global X Cybersecurity ETF in the second quarter valued at approximately $227,000. Hamilton Wealth LLC acquired a new stake in Global X Cybersecurity ETF in the first quarter valued at approximately $372,000. Optiver Holding B.V. acquired a new stake in Global X Cybersecurity ETF in the first quarter valued at approximately $50,000. Finally, Financial Solutions Advisory Group Inc. bought a new stake in shares of Global X Cybersecurity ETF during the first quarter valued at approximately $618,000.

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.