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. Investors bought 7,272 put options on the company. This represents an increase of approximately 82% compared to the average daily volume of 4,005 put options.

iShares MSCI USA Momentum Factor ETF Trading Up 3.8 %

Shares of MTUM stock opened at $216.93 on Wednesday. The company has a market capitalization of $15.56 billion, a P/E ratio of 28.87 and a beta of 0.98. The stock has a 50 day moving average of $216.59 and a two-hundred day moving average of $208.40. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 106.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 14,941 shares of the company’s stock worth $3,092,000 after acquiring an additional 7,711 shares in the last quarter. Armis Advisers LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $387,000. Shufro Rose & Co. LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 14.5% in the fourth quarter. Shufro Rose & Co. LLC now owns 30,381 shares of the company’s stock valued at $6,287,000 after purchasing an additional 3,857 shares during the period. Integrated Advisors Network LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $238,000. Finally, Invst LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 22.4% in the fourth quarter. Invst LLC now owns 133,414 shares of the company’s stock valued at $27,606,000 after purchasing an additional 24,414 shares during the period.

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.