Global X Cybersecurity ETF (NASDAQ:BUG) Sees Strong Trading Volume – Here’s Why

Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually-high trading volume on Tuesday . Approximately 676,025 shares changed hands during trading, an increase of 317% from the previous session’s volume of 161,972 shares.The stock last traded at $34.36 and had previously closed at $33.26.

Global X Cybersecurity ETF Stock Up 3.9 %

The company has a fifty day moving average of $33.02 and a 200 day moving average of $31.39. The company has a market cap of $852.69 million, a P/E ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF Dividend Announcement

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

Institutional Trading of Global X Cybersecurity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Global X Cybersecurity ETF by 16.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 84,884 shares of the company’s stock worth $2,511,000 after acquiring an additional 12,294 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new position in Global X Cybersecurity ETF in the 2nd quarter valued at about $8,858,000. Cetera Investment Advisers increased its position in shares of Global X Cybersecurity ETF by 6.0% during the second quarter. Cetera Investment Advisers now owns 182,768 shares of the company’s stock worth $5,406,000 after acquiring an additional 10,291 shares during the period. PVG Asset Management Corp purchased a new stake in shares of Global X Cybersecurity ETF in the 2nd quarter valued at approximately $329,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in Global X Cybersecurity ETF by 7.9% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,730 shares of the company’s stock worth $301,000 after purchasing an additional 709 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.