iShares MSCI USA Momentum Factor ETF Sees Unusually High Options Volume (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the target of unusually large options trading activity on Friday. Stock traders acquired 4,111 put options on the company. This is an increase of approximately 162% compared to the typical volume of 1,568 put options.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $255.62 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The stock has a market capitalization of $18.66 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average price is $251.42 and its 200 day moving average price is $249.22.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Hedge funds have recently bought and sold shares of the company. Bison Wealth LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth $2,488,000. U.S. Capital Wealth Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at $230,000. GAMMA Investing LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares during the period. Finally, AdvisorNet Financial Inc lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 24.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 692 shares of the company’s stock worth $166,000 after buying an additional 134 shares during 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.