Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Drop in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUG) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 230,400 shares, a decline of 20.3% from the December 15th total of 289,000 shares. Based on an average trading volume of 136,200 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of 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 acquiring an additional 831 shares during the period. Alpha Cubed Investments LLC acquired a new stake in Global X Cybersecurity ETF during the fourth quarter worth about $212,000. Synovus Financial Corp acquired a new position in Global X Cybersecurity ETF in the 3rd quarter valued at about $223,000. Claro Advisors LLC grew its stake in shares of Global X Cybersecurity ETF by 30.4% in the 3rd quarter. Claro Advisors LLC now owns 9,631 shares of the company’s stock valued at $298,000 after buying an additional 2,248 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Global X Cybersecurity ETF by 7.9% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,730 shares of the company’s stock worth $301,000 after buying an additional 709 shares during the last quarter.

Global X Cybersecurity ETF Price Performance

BUG stock traded down $0.13 during trading on Friday, hitting $32.49. 121,703 shares of the company traded hands, compared to its average volume of 151,946. The company has a market cap of $801.85 million, a PE ratio of 29.10 and a beta of 0.86. The stock’s 50-day simple moving average is $33.01 and its 200 day simple moving average is $31.22. Global X Cybersecurity ETF has a 1 year low of $26.03 and a 1 year high of $34.92.

Global X Cybersecurity ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.0305 per share. The ex-dividend date was Monday, December 30th.

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.