Global X Cybersecurity ETF (NASDAQ:BUG) Sees Significant Decrease in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUG) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 218,400 shares, a decrease of 79.2% from the February 13th total of 1,050,000 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 229,700 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Global X Cybersecurity ETF

Large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its holdings in Global X Cybersecurity ETF by 99.3% in the 4th quarter. Global Retirement Partners LLC now owns 811 shares of the company’s stock valued at $26,000 after purchasing an additional 404 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of Global X Cybersecurity ETF by 255.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,067 shares of the company’s stock valued at $34,000 after buying an additional 767 shares during the period. FMR LLC boosted its position in Global X Cybersecurity ETF by 213.1% during the third quarter. FMR LLC now owns 1,221 shares of the company’s stock worth $38,000 after acquiring an additional 831 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in Global X Cybersecurity ETF in the 4th quarter worth approximately $46,000. Finally, Allworth Financial LP acquired a new position in Global X Cybersecurity ETF in the 4th quarter valued at $171,000.

Global X Cybersecurity ETF Price Performance

Shares of BUG opened at $31.70 on Friday. Global X Cybersecurity ETF has a 1-year low of $26.03 and a 1-year high of $36.81. The stock has a market cap of $794.72 million, a price-to-earnings ratio of 34.24 and a beta of 0.86. The firm has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $32.51.

Global X Cybersecurity ETF Dividend Announcement

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

About Global X Cybersecurity ETF

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.