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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 10,804 put options on the stock. This represents an increase of 691% compared to the typical daily volume of 1,366 put options.

Hedge Funds Weigh In On iShares MSCI USA Momentum Factor ETF

Several institutional investors have recently modified their holdings of MTUM. Bison Wealth LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth $2,488,000. Russell Investments Group Ltd. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares during the period. Valued Retirements Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $232,000. Finally, Advocacy Wealth Management Services LLC grew its position in iShares MSCI USA Momentum Factor ETF by 5.7% during the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after buying an additional 4,752 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 2.2%

MTUM stock traded up $5.13 during trading on Tuesday, reaching $235.90. The stock had a trading volume of 694,359 shares, compared to its average volume of 824,902. The company has a market capitalization of $17.22 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $171.51 and a one year high of $262.10. The company’s 50 day moving average is $250.34 and its two-hundred day moving average is $251.65.

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.