Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Volume Increase – Here’s Why

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw unusually-strong trading volume on Tuesday . Approximately 676,025 shares changed hands during mid-day trading, an increase of 317% from the previous session’s volume of 161,972 shares.The stock last traded at $34.36 and had previously closed at $33.26.

Global X Cybersecurity ETF Stock Up 1.1 %

The business has a 50-day simple moving average of $33.08 and a 200-day simple moving average of $31.44. The stock has a market cap of $851.46 million, a P/E ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in Global X Cybersecurity ETF by 16.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 84,884 shares of the company’s stock worth $2,511,000 after acquiring an additional 12,294 shares during the period. Cetera Investment Advisers lifted its stake in shares of Global X Cybersecurity ETF by 6.0% in the second quarter. Cetera Investment Advisers now owns 182,768 shares of the company’s stock valued at $5,406,000 after buying an additional 10,291 shares during the period. Granite Bay Wealth Management LLC grew its position in Global X Cybersecurity ETF by 13.5% during the third quarter. Granite Bay Wealth Management LLC now owns 339,999 shares of the company’s stock worth $10,523,000 after buying an additional 40,539 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Global X Cybersecurity ETF by 7.9% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,730 shares of the company’s stock valued at $301,000 after acquiring an additional 709 shares during the period. Finally, WealthBridge Investment Counsel Inc. raised its holdings in Global X Cybersecurity ETF by 0.5% in the 3rd quarter. WealthBridge Investment Counsel Inc. now owns 96,400 shares of the company’s stock valued at $2,984,000 after acquiring an additional 500 shares in the last quarter.

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.