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

Global X Cybersecurity ETF (NASDAQ:BUG) was the target of unusually large options trading on Friday. Stock investors acquired 4,173 call options on the stock. This is an increase of approximately 129% compared to the typical volume of 1,820 call options.

Global X Cybersecurity ETF Trading Up 1.1%

Shares of BUG 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. Global X Cybersecurity ETF has a 1 year low of $23.15 and a 1 year high of $47.54. The stock has a market cap of $2.07 billion, a PE ratio of 37.03 and a beta of 0.88. The stock’s fifty day moving average price is $42.19 and its two-hundred day moving average price is $35.52.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Capital Asset Advisory Services LLC purchased a new position in Global X Cybersecurity ETF during the first quarter valued at approximately $7,474,000. First Interstate Bank purchased a new stake in Global X Cybersecurity ETF in the 1st quarter worth $3,838,000. IMC Chicago LLC acquired a new position in Global X Cybersecurity ETF during the first quarter worth $1,891,000. Northwestern Mutual Wealth Management Co. raised its position in Global X Cybersecurity ETF by 40.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 169,529 shares of the company’s stock worth $5,164,000 after acquiring an additional 49,157 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Global X Cybersecurity ETF by 17.0% during the first quarter. Bank of America Corp DE now owns 301,424 shares of the company’s stock valued at $7,569,000 after purchasing an additional 43,763 shares in the last quarter.

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.