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

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 105,300 shares, a decrease of 27.3% from the October 15th total of 144,800 shares. Based on an average daily trading volume, of 120,600 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Global X Cybersecurity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. 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 valued at $747,000 after purchasing an additional 340 shares in the last quarter. FMR LLC raised its position in shares of Global X Cybersecurity ETF by 213.1% in the 3rd quarter. FMR LLC now owns 1,221 shares of the company’s stock worth $38,000 after acquiring an additional 831 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Global X Cybersecurity ETF by 5.6% during the third quarter. OneDigital Investment Advisors LLC now owns 19,125 shares of the company’s stock valued at $592,000 after purchasing an additional 1,014 shares in the last quarter. Advisors Management Group Inc. ADV raised its holdings in Global X Cybersecurity ETF by 4.3% in the third quarter. Advisors Management Group Inc. ADV now owns 26,552 shares of the company’s stock worth $822,000 after purchasing an additional 1,105 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Global X Cybersecurity ETF by 8.3% during the third quarter. Hazlett Burt & Watson Inc. now owns 17,653 shares of the company’s stock valued at $544,000 after buying an additional 1,354 shares during the last quarter.

Global X Cybersecurity ETF Trading Down 1.9 %

Shares of NASDAQ BUG traded down $0.63 during mid-day trading on Friday, reaching $32.53. The company had a trading volume of 135,186 shares, compared to its average volume of 183,590. The stock has a market cap of $788.53 million, a price-to-earnings ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a 52 week low of $24.96 and a 52 week high of $34.16. The business’s 50-day moving average is $31.06 and its 200-day moving average is $29.85.

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.