Investors Purchase High Volume of Wrap Technologies Call Options (NASDAQ:WRAP)

Wrap Technologies, Inc. (NASDAQ:WRAP) saw some unusual options trading activity on Thursday. Stock traders bought 8,561 call options on the company. This represents an increase of 626% compared to the typical volume of 1,180 call options.

Institutional Investors Weigh In On Wrap Technologies

Several hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new position in shares of Wrap Technologies in the second quarter worth $25,000. Dimensional Fund Advisors LP bought a new position in Wrap Technologies in the 4th quarter worth about $26,000. Core Wealth Partners LLC bought a new position in Wrap Technologies during the 1st quarter valued at about $26,000. Meridian Wealth Management LLC purchased a new stake in shares of Wrap Technologies during the 3rd quarter valued at about $27,000. Finally, UBS Group AG increased its position in shares of Wrap Technologies by 136.0% during the 4th quarter. UBS Group AG now owns 17,348 shares of the company’s stock valued at $29,000 after purchasing an additional 9,998 shares during the last quarter. 8.82% of the stock is currently owned by institutional investors.

Wrap Technologies Trading Down 3.8 %

WRAP stock opened at $2.00 on Friday. Wrap Technologies has a 12 month low of $0.95 and a 12 month high of $7.01. The firm has a market capitalization of $88.42 million, a P/E ratio of -5.26 and a beta of 1.44. The firm has a 50 day moving average of $2.92 and a 200-day moving average of $2.76.

Wrap Technologies Company Profile

Wrap Technologies, Inc, a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company's flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet.