iShares MSCI USA Momentum Factor ETF Sees Unusually Large Options Volume (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the target of unusually large options trading activity on Tuesday. Traders acquired 5,037 put options on the stock. This is an increase of approximately 399% compared to the typical volume of 1,010 put options.

iShares MSCI USA Momentum Factor ETF Stock Down 3.1%

BATS MTUM traded down $7.85 on Tuesday, reaching $245.85. 230,120 shares of the stock traded hands, compared to its average volume of 767,050. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10. The firm’s fifty day simple moving average is $254.70 and its 200 day simple moving average is $251.75. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF

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

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.