Traders Buy 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. Investors bought 11,624 put options on the stock. This is an increase of 167% compared to the average volume of 4,347 put options.

iShares MSCI USA Momentum Factor ETF Stock Up 0.2 %

Shares of MTUM traded up $0.33 during mid-day trading on Tuesday, hitting $195.20. 450,297 shares of the company’s stock were exchanged. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The stock’s 50-day simple moving average is $188.15 and its 200-day simple moving average is $178.79. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after acquiring an additional 229,231 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock worth $914,424,000 after acquiring an additional 317,802 shares in the last quarter. Assetmark Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the 4th quarter. Assetmark Inc. now owns 1,646,261 shares of the company’s stock worth $258,282,000 after acquiring an additional 61,978 shares in the last quarter. Blue Trust Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 20.1% during the 1st quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock worth $232,257,000 after acquiring an additional 207,306 shares in the last quarter. Finally, CWM LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 9.3% during the 4th quarter. CWM LLC now owns 1,134,217 shares of the company’s stock worth $177,947,000 after acquiring an additional 96,845 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.