Stock Traders Buy Large Volume of Global X Cybersecurity ETF Call Options (NASDAQ:BUG)

Global X Cybersecurity ETF (NASDAQ:BUG) saw some unusual options trading activity on Friday. Investors purchased 9,630 call options on the stock. This is an increase of 480% compared to the typical daily volume of 1,661 call options.

Global X Cybersecurity ETF Trading Down 4.5%

NASDAQ:BUG traded down $1.11 during mid-day trading on Friday, hitting $23.51. 1,902,632 shares of the company’s stock were exchanged, compared to its average volume of 1,089,444. The company has a 50 day simple moving average of $26.22 and a 200-day simple moving average of $30.33. Global X Cybersecurity ETF has a fifty-two week low of $23.31 and a fifty-two week high of $37.55. The firm has a market capitalization of $776.77 million, a P/E ratio of 37.03 and a beta of 0.81.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Several hedge funds have recently added to or reduced their stakes in BUG. Royal Bank of Canada boosted its position in Global X Cybersecurity ETF by 14.7% during the 1st quarter. Royal Bank of Canada now owns 211,842 shares of the company’s stock worth $6,851,000 after buying an additional 27,101 shares during the period. Creative Planning acquired a new stake in Global X Cybersecurity ETF during the 2nd quarter worth approximately $231,000. JPMorgan Chase & Co. boosted its position in Global X Cybersecurity ETF by 36.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 125,424 shares of the company’s stock worth $4,653,000 after buying an additional 33,714 shares during the period. Cresset Asset Management LLC boosted its position in Global X Cybersecurity ETF by 9.2% during the 2nd quarter. Cresset Asset Management LLC now owns 13,187 shares of the company’s stock worth $489,000 after buying an additional 1,115 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Global X Cybersecurity ETF during the 2nd quarter worth approximately $632,000.

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.