Global X Cybersecurity ETF Sees Unusually Large Options Volume (NASDAQ:BUG)

Global X Cybersecurity ETF (NASDAQ:BUG) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 38,772 call options on the company. This is an increase of approximately 9,380% compared to the typical daily volume of 409 call options.

Global X Cybersecurity ETF Stock Performance

Shares of NASDAQ BUG traded up $0.09 during trading on Tuesday, reaching $24.39. The stock had a trading volume of 4,174,645 shares, compared to its average volume of 885,129. The business’s 50-day moving average price is $29.33 and its 200-day moving average price is $32.17. The company has a market cap of $750.36 million, a P/E ratio of 37.03 and a beta of 0.84. Global X Cybersecurity ETF has a fifty-two week low of $23.97 and a fifty-two week high of $37.55.

Global X Cybersecurity ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.0119 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 8.0%.

Institutional Trading of Global X Cybersecurity ETF

Institutional investors have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Global X Cybersecurity ETF during the second quarter valued at approximately $92,750,000. Moss Adams Wealth Advisors LLC grew its position in Global X Cybersecurity ETF by 4.1% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,586,531 shares of the company’s stock worth $48,341,000 after purchasing an additional 62,177 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in Global X Cybersecurity ETF by 3.7% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 403,016 shares of the company’s stock valued at $14,952,000 after purchasing an additional 14,400 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Global X Cybersecurity ETF by 1.5% in the second quarter. Raymond James Financial Inc. now owns 398,117 shares of the company’s stock valued at $14,770,000 after purchasing an additional 5,710 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Global X Cybersecurity ETF by 3.4% in the third quarter. Bank of America Corp DE now owns 320,745 shares of the company’s stock worth $11,287,000 after buying an additional 10,496 shares during the period.

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.