Cybersecurity ETF (BUG) reaches new high, benefiting from increased cybersecurity adoption

From Zacks Investment Research: 2025-02-10 19:32:05

The Global X Cybersecurity ETF (BUG) has hit a 52-week high and is up 35.77% from its low. The underlying Indxx Cybersecurity Index benefits from the increased adoption of cybersecurity technology. With the rise in AI technology, cybersecurity is essential, leading to more cybersecurity spending. The global cybersecurity market is expected to reach $271.9 billion by 2029. BUG may continue its strong performance with a positive weighted alpha of 16.91, indicating a potential rally ahead. Investors seeking momentum may want to keep an eye on this ETF for potential gains.



Read more at Zacks Investment Research: Cybersecurity ETF (BUG) Hits New 52-Week High – February 10, 2025