Global X Cybersecurity ETF (NASDAQ:BUG) Sets New 12-Month High – Here’s Why

Global X Cybersecurity ETF (NASDAQ:BUG) reached a new 52-week high during trading on Wednesday . The stock traded as high as $35.01 and last traded at $34.98, with a volume of 65989 shares. The stock had previously closed at $34.71.

Global X Cybersecurity ETF Stock Performance

The stock’s 50-day simple moving average is $33.22 and its 200 day simple moving average is $31.63. The company has a market capitalization of $875.95 million, a PE ratio of 29.10 and a beta of 0.86.

Global X Cybersecurity ETF Announces Dividend

The firm also recently declared 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 was Monday, December 30th.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Several institutional investors have recently added to or reduced their stakes in BUG. Delta Financial Group Inc. boosted its stake in Global X Cybersecurity ETF by 3.8% during the 4th quarter. Delta Financial Group Inc. now owns 8,832 shares of the company’s stock worth $283,000 after purchasing an additional 325 shares during the period. NCM Capital Management LLC boosted its stake in shares of Global X Cybersecurity ETF by 1.4% during the third quarter. NCM Capital Management LLC now owns 24,125 shares of the company’s stock worth $747,000 after buying an additional 340 shares during the period. Global Retirement Partners LLC increased its position in Global X Cybersecurity ETF by 99.3% in the 4th quarter. Global Retirement Partners LLC now owns 811 shares of the company’s stock valued at $26,000 after acquiring an additional 404 shares during the period. WealthBridge Investment Counsel Inc. raised its stake in Global X Cybersecurity ETF by 0.5% during 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 during the last quarter. Finally, ERn Financial LLC lifted its holdings in shares of Global X Cybersecurity ETF by 1.8% during the third quarter. ERn Financial LLC now owns 37,931 shares of the company’s stock worth $1,174,000 after purchasing an additional 660 shares during the period.

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.