Global X Cybersecurity ETF (NASDAQ:BUG – Get Rating) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 489,700 shares, a decline of 26.3% from the November 30th total of 664,100 shares. Based on an average daily volume of 310,100 shares, the short-interest ratio is currently 1.6 days.
Global X Cybersecurity ETF Stock Performance
Shares of NASDAQ BUG opened at $20.75 on Friday. Global X Cybersecurity ETF has a twelve month low of $20.25 and a twelve month high of $32.33. The stock’s 50 day moving average price is $22.74 and its 200-day moving average price is $24.73.
Global X Cybersecurity ETF Increases Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, January 9th. Stockholders of record on Friday, December 30th will be paid a $0.323 dividend. The ex-dividend date is Thursday, December 29th. This is an increase from Global X Cybersecurity ETF’s previous Semi-Annual dividend of $0.21.
Hedge Funds Weigh In On Global X Cybersecurity ETF
A number of hedge funds and other institutional investors have recently modified their holdings of BUG. Stelac Advisory Services LLC boosted its stake in shares of Global X Cybersecurity ETF by 34.3% in the 1st quarter. Stelac Advisory Services LLC now owns 6,194 shares of the company’s stock worth $195,000 after buying an additional 1,581 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Global X Cybersecurity ETF in the 1st quarter worth approximately $2,489,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Global X Cybersecurity ETF by 111.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 51,101 shares of the company’s stock worth $1,606,000 after buying an additional 26,949 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Global X Cybersecurity ETF by 17.2% in the first quarter. Cetera Advisor Networks LLC now owns 25,274 shares of the company’s stock valued at $794,000 after purchasing an additional 3,703 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Global X Cybersecurity ETF by 105.7% in the first quarter. Private Advisor Group LLC now owns 76,786 shares of the company’s stock valued at $2,413,000 after purchasing an additional 39,452 shares during the last quarter.
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