Investors Purchase Large Volume of Put Options on iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the recipient of some unusual options trading on Monday. Investors acquired 15,306 put options on the company. This represents an increase of 785% compared to the average volume of 1,729 put options.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $280.75 on Tuesday. The firm has a market cap of $20.49 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $253.84 and its two-hundred day moving average is $252.83. iShares MSCI USA Momentum Factor ETF has a 52 week low of $203.81 and a 52 week high of $281.51.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Cary Street Partners Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Company Profile

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.