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

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 219,800 shares, a growth of 108.7% from the October 31st total of 105,300 shares. Based on an average daily trading volume, of 131,100 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Synovus Financial Corp purchased a new stake in shares of Global X Cybersecurity ETF during the 3rd quarter worth approximately $223,000. NCM Capital Management LLC grew its holdings 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 purchasing an additional 340 shares during the last quarter. FMR LLC increased its position in shares of Global X Cybersecurity ETF by 213.1% in the third quarter. FMR LLC now owns 1,221 shares of the company’s stock valued at $38,000 after buying an additional 831 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Global X Cybersecurity ETF by 5.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,125 shares of the company’s stock worth $592,000 after buying an additional 1,014 shares during the last quarter. Finally, Advisors Management Group Inc. ADV boosted its position in shares of Global X Cybersecurity ETF by 4.3% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 26,552 shares of the company’s stock worth $822,000 after buying an additional 1,105 shares in the last quarter.

Global X Cybersecurity ETF Trading Down 0.8 %

Shares of BUG traded down $0.27 during mid-day trading on Thursday, hitting $33.52. 198,543 shares of the company’s stock were exchanged, compared to its average volume of 184,048. The firm has a market capitalization of $812.52 million, a P/E ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a fifty-two week low of $25.96 and a fifty-two week high of $34.16. The business’s 50 day moving average is $31.70 and its two-hundred day moving average is $30.14.

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.