Short Interest in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Expands By 126.0%

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 72,118 shares, a growth of 126.0% from the July 30th total of 31,914 shares. Based on an average daily trading volume, of 99,253 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

iShares U.S. Equity Factor ETF Trading Down 0.4%

LRGF traded down $0.28 during trading on Friday, hitting $78.48. 106,192 shares of the company traded hands, compared to its average volume of 214,644. The company has a market cap of $3.70 billion, a PE ratio of 22.79 and a beta of 0.99. The stock’s 50-day simple moving average is $76.67 and its two-hundred day simple moving average is $72.96. iShares U.S. Equity Factor ETF has a 1 year low of $63.89 and a 1 year high of $79.44.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

Several large investors have recently made changes to their positions in LRGF. First Foundation Advisors raised its stake in shares of iShares U.S. Equity Factor ETF by 0.9% during the 3rd quarter. First Foundation Advisors now owns 17,799 shares of the company’s stock valued at $1,230,000 after buying an additional 167 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of iShares U.S. Equity Factor ETF by 0.3% in the second quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock worth $3,273,000 after buying an additional 175 shares during the last quarter. Cetera Investment Advisers grew its holdings in iShares U.S. Equity Factor ETF by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 22,223 shares of the company’s stock worth $1,543,000 after acquiring an additional 194 shares during the period. Endeavor Private Wealth Inc. grew its holdings in iShares U.S. Equity Factor ETF by 6.6% during the second quarter. Endeavor Private Wealth Inc. now owns 3,414 shares of the company’s stock worth $258,000 after acquiring an additional 210 shares during the period. Finally, Advisory Services Network LLC raised its position in iShares U.S. Equity Factor ETF by 1.7% during the third quarter. Advisory Services Network LLC now owns 17,080 shares of the company’s stock valued at $1,180,000 after acquiring an additional 282 shares in the last quarter.

About iShares U.S. Equity Factor ETF

The iShares U.S. Equity Factor ETF (LRGF) is an exchange-traded fund that is based on the STOXX U.S. Equity Factor index. The fund tracks an index of US large- and mid-cap equities. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.