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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) saw unusually large options trading on Tuesday. Stock investors acquired 20,625 put options on the company. This is an increase of 199% compared to the average volume of 6,891 put options.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MTUM. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $26,000. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 3.7%

BATS MTUM traded down $12.83 during mid-day trading on Tuesday, hitting $332.39. The company’s stock had a trading volume of 856,899 shares, compared to its average volume of 1,008,810. The firm has a market capitalization of $24.26 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company’s 50 day simple moving average is $301.24 and its 200 day simple moving average is $268.97. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

About iShares MSCI USA Momentum Factor ETF

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.