iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sees Large Drop in Short Interest

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 7,808 shares, a drop of 60.9% from the August 31st total of 19,968 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 113,028 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of iShares U.S. Equity Factor ETF by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 698,956 shares of the company’s stock worth $52,862,000 after purchasing an additional 40,370 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in iShares U.S. Equity Factor ETF by 0.7% in the second quarter. Integrated Wealth Concepts LLC now owns 681,028 shares of the company’s stock valued at $51,506,000 after purchasing an additional 4,981 shares during the last quarter. IFP Advisors Inc grew its stake in iShares U.S. Equity Factor ETF by 942.8% in the second quarter. IFP Advisors Inc now owns 3,535 shares of the company’s stock valued at $267,000 after purchasing an additional 3,196 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in iShares U.S. Equity Factor ETF in the second quarter worth about $1,362,000. Finally, Endeavor Private Wealth Inc. raised its holdings in iShares U.S. Equity Factor ETF by 6.6% in the second quarter. Endeavor Private Wealth Inc. now owns 3,414 shares of the company’s stock worth $258,000 after purchasing an additional 210 shares in the last quarter.

iShares U.S. Equity Factor ETF Stock Performance

NYSEARCA:LRGF traded down $0.56 during trading hours on Monday, reaching $78.22. The company’s stock had a trading volume of 493,593 shares, compared to its average volume of 209,445. The stock has a 50 day moving average price of $77.79 and a two-hundred day moving average price of $74.33. The company has a market capitalization of $3.72 billion, a P/E ratio of 22.79 and a beta of 0.99. iShares U.S. Equity Factor ETF has a 12 month low of $63.89 and a 12 month high of $79.44.

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.