Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Update

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 264,100 shares, an increase of 20.9% from the February 28th total of 218,400 shares. Based on an average daily trading volume, of 246,100 shares, the short-interest ratio is presently 1.1 days. Approximately 1.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Global X Cybersecurity ETF in the 4th quarter worth $11,115,000. Merit Financial Group LLC bought a new position in shares of Global X Cybersecurity ETF during the fourth quarter valued at about $5,131,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global X Cybersecurity ETF by 61.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 326,606 shares of the company’s stock valued at $10,550,000 after buying an additional 123,807 shares during the last quarter. Potentia Wealth purchased a new position in shares of Global X Cybersecurity ETF in the fourth quarter worth about $3,958,000. Finally, TigerOak Management L.L.C. bought a new stake in shares of Global X Cybersecurity ETF in the 4th quarter valued at about $3,113,000.

Global X Cybersecurity ETF Price Performance

NASDAQ:BUG opened at $32.92 on Thursday. The company has a market capitalization of $825.30 million, a price-to-earnings ratio of 31.16 and a beta of 0.86. The business has a 50 day moving average of $34.10 and a 200 day moving average of $32.85. Global X Cybersecurity ETF has a 1-year low of $26.03 and a 1-year high of $36.81.

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.