Investors Purchase Large 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 on Tuesday. Investors purchased 13,556 put options on the stock. This is an increase of 590% compared to the typical daily volume of 1,964 put options.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM traded down $1.73 during midday trading on Tuesday, hitting $214.79. The company had a trading volume of 882,679 shares. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company has a fifty day moving average of $207.95 and a two-hundred day moving average of $198.00. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Fortitude Family Office LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares during the period. Signaturefd LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth $33,000. Capital Performance Advisors LLP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $43,000. Finally, JDM Financial Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $50,000.

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.