SIGA Technologies Sees Unusually High Options Volume (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw unusually large options trading on Wednesday. Stock traders acquired 1,200 call options on the stock. This is an increase of approximately 1,438% compared to the average daily volume of 78 call options.

Institutional Investors Weigh In On SIGA Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of SIGA Technologies by 7.8% during the fourth quarter. SG Americas Securities LLC now owns 22,819 shares of the company’s stock valued at $137,000 after buying an additional 1,652 shares during the period. EP Wealth Advisors LLC raised its holdings in SIGA Technologies by 14.5% in the 4th quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company’s stock valued at $83,000 after acquiring an additional 1,755 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of SIGA Technologies by 8.1% during the 4th quarter. Principal Financial Group Inc. now owns 23,927 shares of the company’s stock worth $144,000 after purchasing an additional 1,784 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of SIGA Technologies by 19.9% during the fourth quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company’s stock worth $77,000 after purchasing an additional 2,126 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of SIGA Technologies by 26.6% in the fourth quarter. ProShare Advisors LLC now owns 16,424 shares of the company’s stock valued at $99,000 after purchasing an additional 3,455 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

SIGA Technologies Trading Up 4.4 %

SIGA Technologies stock opened at $5.71 on Friday. The stock has a 50-day moving average price of $6.02 and a 200 day moving average price of $6.82. SIGA Technologies has a 52 week low of $4.75 and a 52 week high of $12.83. The stock has a market cap of $407.72 million, a PE ratio of 4.76 and a beta of 0.98.

SIGA Technologies Company Profile

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.