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

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) saw unusually large options trading activity on Tuesday. Stock traders purchased 13,556 put options on the company. This is an increase of approximately 590% compared to the average volume of 1,964 put options.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

Hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $227,000. World Investment Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 101.4% in the third quarter. World Investment Advisors LLC now owns 7,739 shares of the company’s stock valued at $1,569,000 after buying an additional 3,897 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 455.1% during the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after buying an additional 129,521 shares during the last quarter. Sculati Wealth Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 12.8% during the third quarter. Sculati Wealth Management LLC now owns 1,270 shares of the company’s stock worth $238,000 after acquiring an additional 144 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 49.5% in the 3rd quarter. M&T Bank Corp now owns 66,870 shares of the company’s stock worth $13,559,000 after acquiring an additional 22,130 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $215.27 on Wednesday. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The company has a market cap of $11.66 billion, a PE ratio of 18.53 and a beta of 1.10. The stock has a 50-day moving average of $208.19 and a 200-day moving average of $198.20.

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.