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

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

Global X Cybersecurity ETF Price Performance

Shares of BUG traded down $0.58 during midday trading on Friday, reaching $33.75. The stock had a trading volume of 89,713 shares, compared to its average volume of 180,944. Global X Cybersecurity ETF has a 1-year low of $26.03 and a 1-year high of $34.92. The company’s fifty day simple moving average is $32.52 and its two-hundred day simple moving average is $30.53. The company has a market cap of $818.10 million, a price-to-earnings ratio of 29.10 and a beta of 0.86.

Institutional Investors Weigh In On Global X Cybersecurity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PVG Asset Management Corp acquired a new stake in Global X Cybersecurity ETF during the 2nd quarter worth $329,000. Granite Bay Wealth Management LLC acquired a new stake in Global X Cybersecurity ETF during the 2nd quarter worth $8,858,000. International Assets Investment Management LLC acquired a new stake in Global X Cybersecurity ETF during the 2nd quarter worth $66,000. Greystone Financial Group LLC raised its stake in Global X Cybersecurity ETF by 3.8% during the 2nd quarter. Greystone Financial Group LLC now owns 11,430 shares of the company’s stock worth $338,000 after acquiring an additional 420 shares in the last quarter. Finally, Eagle Strategies LLC acquired a new stake in Global X Cybersecurity ETF during the 2nd quarter worth $600,000.

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.