Global X Cybersecurity ETF (NASDAQ:BUG) Sets New 1-Year High – Still a Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) reached a new 52-week high during trading on Tuesday . The company traded as high as $41.06 and last traded at $40.67, with a volume of 1255482 shares trading hands. The stock had previously closed at $39.33.

Global X Cybersecurity ETF Stock Up 3.4%

The company has a market cap of $1.28 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88. The firm has a 50 day moving average price of $33.18 and a two-hundred day moving average price of $29.61.

Institutional Trading of Global X Cybersecurity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Global X Cybersecurity ETF by 14.7% in the 1st quarter. Royal Bank of Canada now owns 211,842 shares of the company’s stock worth $6,851,000 after purchasing an additional 27,101 shares during the period. Creative Planning acquired a new stake in shares of Global X Cybersecurity ETF during the second quarter worth $231,000. JPMorgan Chase & Co. raised its stake in Global X Cybersecurity ETF by 36.8% during the second quarter. JPMorgan Chase & Co. now owns 125,424 shares of the company’s stock worth $4,653,000 after buying an additional 33,714 shares during the last quarter. Cresset Asset Management LLC raised its stake in Global X Cybersecurity ETF by 9.2% during the second quarter. Cresset Asset Management LLC now owns 13,187 shares of the company’s stock worth $489,000 after buying an additional 1,115 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Global X Cybersecurity ETF during the 2nd quarter worth about $632,000.

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.