Global X Cybersecurity ETF Target of Unusually High Options Trading (NASDAQ:BUG)

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of unusually large options trading on Friday. Investors acquired 9,630 call options on the stock. This is an increase of 480% compared to the typical volume of 1,661 call options.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BUG. Alaska Permanent Capital Management LLC acquired a new position in shares of Global X Cybersecurity ETF in the 3rd quarter valued at $7,249,000. Strategic Wealth Partners Ltd. acquired a new position in shares of Global X Cybersecurity ETF in the 3rd quarter valued at $7,005,000. Flow Traders U.S. LLC acquired a new position in shares of Global X Cybersecurity ETF in the 3rd quarter valued at $6,967,000. Moss Adams Wealth Advisors LLC lifted its stake in shares of Global X Cybersecurity ETF by 7.3% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 1,524,354 shares of the company’s stock valued at $53,642,000 after purchasing an additional 103,129 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Global X Cybersecurity ETF by 118.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 102,289 shares of the company’s stock valued at $3,795,000 after purchasing an additional 55,442 shares during the last quarter.

Global X Cybersecurity ETF Price Performance

Shares of BUG stock opened at $23.30 on Friday. The company has a market cap of $769.83 million, a price-to-earnings ratio of 37.03 and a beta of 0.81. The stock has a 50 day simple moving average of $26.11 and a 200-day simple moving average of $30.25. Global X Cybersecurity ETF has a 1-year low of $23.15 and a 1-year high of $37.55.

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.