Global X Cybersecurity ETF (NASDAQ:BUG) Hits New 52-Week High – What’s Next?

Shares of Global X Cybersecurity ETF (NASDAQ:BUG) reached a new 52-week high during trading on Tuesday . The company traded as high as $44.58 and last traded at $44.31, with a volume of 2872441 shares. The stock had previously closed at $40.04.

Global X Cybersecurity ETF Trading Down 0.8%

The stock’s 50-day moving average is $40.90 and its 200-day moving average is $34.01. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 37.03 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new position in shares of Global X Cybersecurity ETF during the first quarter valued at approximately $35,000. TigerOak Management L.L.C. lifted its stake in Global X Cybersecurity ETF by 1.7% in the first quarter. TigerOak Management L.L.C. now owns 98,784 shares of the company’s stock worth $2,480,000 after acquiring an additional 1,612 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in Global X Cybersecurity ETF by 7.9% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 22,201 shares of the company’s stock valued at $678,000 after acquiring an additional 1,632 shares in the last quarter. Optiver Holding B.V. bought a new stake in Global X Cybersecurity ETF in the first quarter valued at $50,000. Finally, Western Wealth Management LLC purchased a new position in Global X Cybersecurity ETF during the 1st quarter valued at $51,000.

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.