The Global X Cybersecurity ETF (NASDAQ:BUG – Get Rating) saw a significant drop in short interest in December. As of December 15, 489,700 shares were short-sold, down 26.3% from the November 30 total of 664,100 shares. Based on an average daily trading volume of 310,100 shares, the current short-term interest rate is 1.6 days.
Global X Cybersecurity ETF Stock Performance
NASDAQ BUG shares opened Friday at $20.75. The Global X Cybersecurity ETF has a 12-month low of $20.25 and a 12-month high of $32.33. The stock has a 50-day moving average price of $22.74 and a 200-day moving average price of $24.73.
Global X Cybersecurity ETF Increases Dividend
The company recently announced a half-year dividend payable on Monday, January 9. Shareholders of record on Friday, December 30 will be paid a dividend of $0.323. The ex-dividend date is Thursday, December 29. This is an increase from the Global X Cybersecurity ETF’s previous semi-annual dividend of $0.21.
Hedge Fund Joins Global X Cybersecurity ETF
Many hedge funds and other institutional investors have recently changed their holdings of BUG. Stelac Advisory Services LLC increased its Global X Cyber security ETF stake by 34.3% in the first quarter. Stelac Advisory Services LLC now owns 6,194 shares worth $195,000 after he purchased an additional 1,581 shares last quarter. JPMorgan Chase & Company purchased a new position in the Global X Cybersecurity ETF worth approximately $2,489,000 in the first quarter. Raymond James Financial Services Advisors Inc. boosted its Global X Cyber security ETF shares by 111.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 51,101 shares worth $1,606,000 after purchasing an additional 26,949 shares in the previous quarter. Cetera Advisor Networks LLC increased its Global X Cybersecurity ETF shares by 17.2% in the first quarter. Cetera Advisor Networks LLC now owns 25,274 shares worth $794,000 after purchasing an additional 3,703 shares during the previous quarter. Finally, Private Advisor Group LLC increased its Global X Cybersecurity ETF shares by 105.7% in Q1. Private Advisor Group LLC now owns 76,786 shares worth $2,413,000 after purchasing an additional 39,452 shares in the previous quarter.
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