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

Global X Cybersecurity ETF (NASDAQ:BUG) saw unusually large options trading on Friday. Stock traders acquired 18,396 put options on the company. This represents an increase of approximately 495% compared to the average daily volume of 3,092 put options.

Global X Cybersecurity ETF Trading Up 0.9%

Shares of BUG traded up $0.41 during trading hours on Friday, hitting $44.23. 1,113,973 shares of the stock traded hands, compared to its average volume of 1,306,063. The business has a fifty day moving average of $45.91 and a 200-day moving average of $35.52. The firm has a market capitalization of $2.03 billion, a PE ratio of 37.03 and a beta of 0.84. Global X Cybersecurity ETF has a 1-year low of $23.15 and a 1-year high of $52.93.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Werba Rubin Papier Wealth Management bought a new stake in shares of Global X Cybersecurity ETF during the 3rd quarter valued at approximately $249,000. Fifth Third Bancorp bought a new position in Global X Cybersecurity ETF in the 3rd quarter valued at approximately $416,000. CVS HEALTH Corp bought a new position in Global X Cybersecurity ETF in the 3rd quarter valued at approximately $1,154,000. NBH Bank acquired a new stake in Global X Cybersecurity ETF during the 3rd quarter worth approximately $48,000. Finally, Simplex Trading LLC acquired a new stake in Global X Cybersecurity ETF during the 3rd quarter worth approximately $582,000.

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.