Stock Traders Buy High Volume of iShares MSCI USA Momentum Factor ETF Put Options (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 10,804 put options on the stock. This represents an increase of approximately 691% compared to the average daily volume of 1,366 put options.

iShares MSCI USA Momentum Factor ETF Stock Up 4.0%

Shares of BATS:MTUM opened at $239.99 on Wednesday. The firm has a market cap of $17.52 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10. The company’s 50-day moving average price is $250.09 and its two-hundred day moving average price is $251.56.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 shares during the period.

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.