First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Stock Sees Unusually High Call Option Buying

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of unusually large options trading on Thursday. Stock traders acquired 3,301 call options on the company. This is an increase of 241% compared to the typical daily volume of 968 call options.

First Trust Nasdaq Cybersecurity ETF Stock Down 3.8%

Shares of CIBR opened at $101.03 on Friday. First Trust Nasdaq Cybersecurity ETF has a 12-month low of $60.07 and a 12-month high of $110.68. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 30.11 and a beta of 0.93. The stock’s 50-day moving average price is $101.30 and its 200 day moving average price is $83.23.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.0029 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 24th. This is a drop from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721.

Institutional Trading of First Trust Nasdaq Cybersecurity ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Parkway Wealth Management Group LLC bought a new position in shares of First Trust Nasdaq Cybersecurity ETF during the third quarter worth $41,972,000. HighTower Advisors LLC grew its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 33.7% in the 2nd quarter. HighTower Advisors LLC now owns 1,052,664 shares of the company’s stock valued at $94,582,000 after buying an additional 265,279 shares during the period. Park National Corp OH bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF in the 2nd quarter valued at $29,018,000. First Trust Advisors LP lifted its holdings in First Trust Nasdaq Cybersecurity ETF by 12.4% during the first quarter. First Trust Advisors LP now owns 1,184,040 shares of the company’s stock worth $74,189,000 after acquiring an additional 130,676 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in First Trust Nasdaq Cybersecurity ETF during the third quarter worth about $12,761,000.

About First Trust Nasdaq Cybersecurity ETF

The First Trust NASDAQ Cybersecurity ETF (CIBR) is an exchange-traded fund that is based on the Nasdaq CTA Cybersecurity index. The fund tracks a liquidity-weighted index that targets companies engaged in the cybersecurity industry. CIBR was launched on Jul 7, 2015 and is managed by First Trust.