Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Volume Increase – Time to Buy?

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw unusually-strong trading volume on Monday . Approximately 126,860 shares traded hands during mid-day trading, a decline of 31% from the previous session’s volume of 182,567 shares.The stock last traded at $31.99 and had previously closed at $32.84.

Global X Cybersecurity ETF Trading Up 1.0 %

The firm has a 50-day moving average of $34.11 and a 200 day moving average of $32.85. The company has a market cap of $819.04 million, a P/E ratio of 31.16 and a beta of 0.86.

Institutional Trading of Global X Cybersecurity ETF

Several large investors have recently modified their holdings of the stock. FMR LLC raised its stake in Global X Cybersecurity ETF by 213.1% during the 3rd quarter. FMR LLC now owns 1,221 shares of the company’s stock worth $38,000 after buying an additional 831 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Global X Cybersecurity ETF during the fourth quarter worth $203,000. Independent Advisor Alliance acquired a new position in shares of Global X Cybersecurity ETF during the fourth quarter valued at about $585,000. Sanctuary Advisors LLC acquired a new stake in shares of Global X Cybersecurity ETF in the 4th quarter worth about $252,000. Finally, Bleakley Financial Group LLC bought a new position in Global X Cybersecurity ETF in the 4th quarter valued at about $239,000.

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.