Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 1-Year High – Time to Buy?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) hit a new 52-week high on Monday . The company traded as high as $42.76 and last traded at $42.76, with a volume of 176953 shares changing hands. The stock had previously closed at $41.68.

Global X Cybersecurity ETF Stock Performance

The firm has a market capitalization of $1.51 billion, a PE ratio of 37.03 and a beta of 0.88. The firm’s 50-day moving average is $37.78 and its 200 day moving average is $31.37.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Global X Cybersecurity ETF by 14.7% during the first quarter. Royal Bank of Canada now owns 211,842 shares of the company’s stock worth $6,851,000 after buying an additional 27,101 shares in the last quarter. Creative Planning acquired a new position in shares of Global X Cybersecurity ETF in the second quarter worth $231,000. JPMorgan Chase & Co. lifted its position in shares of Global X Cybersecurity ETF by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 125,424 shares of the company’s stock valued at $4,653,000 after acquiring an additional 33,714 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Global X Cybersecurity ETF by 9.2% in the second quarter. Cresset Asset Management LLC now owns 13,187 shares of the company’s stock valued at $489,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Global X Cybersecurity ETF during the second quarter valued at $632,000.

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.