Global X Cybersecurity ETF (NASDAQ:BUG) Reaches New 12-Month High – Still a Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $39.01 and last traded at $38.82, with a volume of 216796 shares traded. The stock had previously closed at $38.19.

Global X Cybersecurity ETF Price Performance

The business’s fifty day simple moving average is $32.94 and its 200 day simple moving average is $29.55. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital Asset Advisory Services LLC bought a new position in shares of Global X Cybersecurity ETF during the first quarter worth about $7,474,000. Strategic Wealth Partners Ltd. bought a new stake in Global X Cybersecurity ETF in the 3rd quarter valued at about $7,005,000. Flow Traders U.S. LLC bought a new stake in Global X Cybersecurity ETF in the 3rd quarter valued at about $6,967,000. First Interstate Bank acquired a new position in Global X Cybersecurity ETF during the 1st quarter valued at about $3,838,000. Finally, IMC Chicago LLC acquired a new position in Global X Cybersecurity ETF during the 1st quarter valued at about $1,891,000.

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.