Global X Cybersecurity ETF (NASDAQ:BUG) Short Interest Up 28.9% in November

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 283,400 shares, an increase of 28.9% from the November 15th total of 219,800 shares. Based on an average daily trading volume, of 131,800 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Global X Cybersecurity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Moss Adams Wealth Advisors LLC grew its holdings in Global X Cybersecurity ETF by 2.9% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 1,350,101 shares of the company’s stock valued at $41,786,000 after buying an additional 38,538 shares during the last quarter. Granite Bay Wealth Management LLC boosted its stake in shares of Global X Cybersecurity ETF by 13.5% during the third quarter. Granite Bay Wealth Management LLC now owns 339,999 shares of the company’s stock valued at $10,523,000 after acquiring an additional 40,539 shares during the last quarter. Zimmermann Investment Management & Planning LLC increased its position in Global X Cybersecurity ETF by 6.1% during the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 224,239 shares of the company’s stock worth $6,633,000 after purchasing an additional 12,940 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Global X Cybersecurity ETF by 25.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 202,799 shares of the company’s stock valued at $6,220,000 after purchasing an additional 40,799 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Global X Cybersecurity ETF by 6.0% in the 2nd quarter. Cetera Investment Advisers now owns 182,768 shares of the company’s stock valued at $5,406,000 after purchasing an additional 10,291 shares in the last quarter.

Global X Cybersecurity ETF Stock Performance

BUG stock traded down $0.58 during trading on Friday, reaching $33.75. 89,713 shares of the company were exchanged, compared to its average volume of 180,944. The company has a market cap of $818.10 million, a P/E ratio of 29.10 and a beta of 0.86. Global X Cybersecurity ETF has a 52-week low of $26.03 and a 52-week high of $34.92. The stock’s 50 day moving average price is $32.52 and its 200 day moving average price is $30.53.

Global X Cybersecurity ETF Company Profile

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.