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

Global X Cybersecurity ETF (NASDAQ:BUG)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $36.75 and last traded at $36.69, with a volume of 46920 shares changing hands. The stock had previously closed at $36.60.

Global X Cybersecurity ETF Stock Performance

The company has a fifty day moving average of $33.47 and a two-hundred day moving average of $31.99. The company has a market cap of $921.57 million, a PE ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a $0.0305 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Trading of Global X Cybersecurity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BUG. Raymond James Financial Inc. purchased a new stake in Global X Cybersecurity ETF in the fourth quarter worth $11,115,000. Merit Financial Group LLC purchased a new stake in Global X Cybersecurity ETF in the fourth quarter worth $5,131,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Global X Cybersecurity ETF by 61.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 326,606 shares of the company’s stock worth $10,550,000 after purchasing an additional 123,807 shares during the period. Potentia Wealth purchased a new stake in Global X Cybersecurity ETF in the fourth quarter worth $3,958,000. Finally, TigerOak Management L.L.C. purchased a new stake in Global X Cybersecurity ETF in the fourth quarter worth $3,113,000.

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.