Global X Cybersecurity ETF (NASDAQ:BUG) Stock Sees Unusually High Put Option Buying

Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually large options trading activity on Tuesday. Traders purchased 5,063 put options on the company. This represents an increase of 137% compared to the typical daily volume of 2,136 put options.

Global X Cybersecurity ETF Stock Up 0.4%

BUG stock traded up $0.20 during midday trading on Tuesday, reaching $45.07. The company had a trading volume of 643,276 shares, compared to its average volume of 1,214,936. Global X Cybersecurity ETF has a fifty-two week low of $23.15 and a fifty-two week high of $50.58. The firm has a market capitalization of $2.04 billion, a PE ratio of 37.03 and a beta of 0.87. The stock has a 50 day moving average price of $44.11 and a 200 day moving average price of $37.37.

Hedge Funds Weigh In On Global X Cybersecurity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BUG. Sterling Investment Counsel LLC acquired a new position in shares of Global X Cybersecurity ETF during the third quarter valued at $1,258,000. Independent Wealth Network Inc. acquired a new stake in Global X Cybersecurity ETF during the third quarter valued at approximately $226,000. IFP Advisors Inc bought a new stake in shares of Global X Cybersecurity ETF during the 3rd quarter worth $604,000. Robertson Stephens Wealth Management LLC purchased a new position in Global X Cybersecurity ETF in the 3rd quarter worth about $350,000. Finally, Guardian Asset Advisors LLC purchased a new position in shares of Global X Cybersecurity ETF in the third quarter worth approximately $278,000.

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.