Global X Cybersecurity ETF (NASDAQ:BUG) Sees Large Decrease in Short Interest

Global X Cybersecurity ETF (NASDAQ:BUGGet Rating) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totalling 76,800 shares, a decrease of 89.9% from the April 15th total of 759,400 shares. Based on an average daily trading volume, of 492,800 shares, the short-interest ratio is currently 0.2 days.

Shares of Global X Cybersecurity ETF stock traded down $0.44 during trading hours on Wednesday, hitting $24.83. The company had a trading volume of 6,455 shares, compared to its average volume of 444,667. The company’s 50-day moving average is $30.16 and its two-hundred day moving average is $30.61. Global X Cybersecurity ETF has a twelve month low of $24.65 and a twelve month high of $35.10.

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. lifted 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 acquiring an additional 26,949 shares during the period. Tradition Wealth Management LLC lifted its stake in shares of Global X Cybersecurity ETF by 92.9% in the 1st quarter. Tradition Wealth Management LLC now owns 2,700 shares of the company’s stock worth $85,000 after acquiring an additional 1,300 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Global X Cybersecurity ETF in the 1st quarter valued at about $2,489,000. Financial Advocates Investment Management purchased a new position in shares of Global X Cybersecurity ETF in the 1st quarter valued at about $490,000. Finally, AGF Investments Inc. purchased a new position in shares of Global X Cybersecurity ETF in the 1st quarter valued at about $9,740,000.

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