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

Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually large options trading activity on Friday. Investors purchased 4,173 call options on the stock. This is an increase of approximately 129% compared to the typical daily volume of 1,820 call options.

Global X Cybersecurity ETF Stock Up 1.1%

Shares of Global X Cybersecurity ETF stock traded up $0.53 during trading hours on Friday, reaching $47.01. 624,218 shares of the company’s stock were exchanged, compared to its average volume of 1,180,732. The business has a fifty day moving average of $42.19 and a two-hundred day moving average of $35.52. The company has a market capitalization of $2.07 billion, a P/E ratio of 37.03 and a beta of 0.88. Global X Cybersecurity ETF has a 1 year low of $23.15 and a 1 year high of $47.54.

Institutional Trading of Global X Cybersecurity ETF

A number of hedge funds have recently bought and sold shares of BUG. Bank of America Corp DE grew its holdings in Global X Cybersecurity ETF by 17.0% in the 1st quarter. Bank of America Corp DE now owns 301,424 shares of the company’s stock valued at $7,569,000 after buying an additional 43,763 shares in the last quarter. IMC Chicago LLC purchased a new position in shares of Global X Cybersecurity ETF during the 1st quarter worth $1,891,000. Cassady Wealth & Retirement Planning LLC raised its holdings in shares of Global X Cybersecurity ETF by 48.6% during the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 70,157 shares of the company’s stock worth $1,863,000 after acquiring an additional 22,943 shares during the period. Hamilton Wealth LLC acquired a new position in shares of Global X Cybersecurity ETF during the 1st quarter valued at about $744,000. Finally, First Interstate Bank acquired a new position in shares of Global X Cybersecurity ETF during the 1st quarter valued at about $3,838,000.

Global X Cybersecurity ETF Company Profile

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.