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

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 18,396 put options on the stock. This is an increase of approximately 495% compared to the average daily volume of 3,092 put options.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC bought a new stake in shares of Global X Cybersecurity ETF in the 3rd quarter valued at $72,827,000. Ayalon Insurance Comp Ltd. acquired a new stake in shares of Global X Cybersecurity ETF during the third quarter worth $29,620,000. Diversify Advisory Services LLC acquired a new stake in shares of Global X Cybersecurity ETF during the third quarter worth $22,630,000. Hamilton Capital LLC bought a new position in Global X Cybersecurity ETF during the third quarter worth $15,406,000. Finally, Insight Wealth Strategies LLC bought a new position in Global X Cybersecurity ETF during the third quarter worth $8,519,000.

Global X Cybersecurity ETF Stock Performance

Shares of NASDAQ:BUG traded up $0.41 during mid-day trading on Friday, reaching $44.23. 1,113,973 shares of the company’s stock were exchanged, compared to its average volume of 1,306,063. Global X Cybersecurity ETF has a twelve month low of $23.15 and a twelve month high of $52.93. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 37.03 and a beta of 0.84. The business’s fifty day moving average price is $45.91 and its 200-day moving average price is $35.52.

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.