Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Up 28.9% in November

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 283,400 shares, a growth of 28.9% from the November 15th total of 219,800 shares. Based on an average trading volume of 131,800 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Global X Cybersecurity ETF

Hedge funds have recently added to or reduced their stakes in the company. NCM Capital Management LLC lifted its stake in Global X Cybersecurity ETF by 1.4% in the third quarter. NCM Capital Management LLC now owns 24,125 shares of the company’s stock valued at $747,000 after acquiring an additional 340 shares during the last quarter. Intrepid Financial Planning Group LLC lifted its stake in shares of Global X Cybersecurity ETF by 3.4% in the 2nd quarter. Intrepid Financial Planning Group LLC now owns 12,448 shares of the company’s stock valued at $368,000 after purchasing an additional 411 shares during the last quarter. Greystone Financial Group LLC boosted its holdings in Global X Cybersecurity ETF by 3.8% in the second quarter. Greystone Financial Group LLC now owns 11,430 shares of the company’s stock worth $338,000 after purchasing an additional 420 shares in the last quarter. WealthBridge Investment Counsel Inc. increased its position in Global X Cybersecurity ETF by 0.5% during the third quarter. WealthBridge Investment Counsel Inc. now owns 96,400 shares of the company’s stock worth $2,984,000 after buying an additional 500 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in Global X Cybersecurity ETF by 107.4% during the second quarter. Aptus Capital Advisors LLC now owns 1,091 shares of the company’s stock valued at $32,000 after buying an additional 565 shares in the last quarter.

Global X Cybersecurity ETF Trading Down 1.7 %

BUG stock traded down $0.58 during mid-day trading on Friday, hitting $33.75. The stock had a trading volume of 89,713 shares, compared to its average volume of 180,944. Global X Cybersecurity ETF has a 1-year low of $26.03 and a 1-year high of $34.92. The company has a fifty day moving average of $32.52 and a 200 day moving average of $30.54. The stock has a market capitalization of $818.10 million, a price-to-earnings ratio of 29.10 and a beta of 0.86.

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.