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

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 31,914 shares, a decrease of 80.9% from the July 15th total of 166,788 shares. Based on an average daily volume of 135,327 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

iShares U.S. Equity Factor ETF Stock Down 0.2%

NYSEARCA:LRGF traded down $0.12 during trading hours on Friday, reaching $79.23. 64,203 shares of the company’s stock were exchanged, compared to its average volume of 217,013. The company has a market capitalization of $3.73 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 $79.45. The business’s 50-day simple moving average is $76.06 and its two-hundred day simple moving average is $72.35.

Hedge Funds Weigh In On iShares U.S. Equity Factor ETF

Hedge funds have recently modified their holdings of the stock. Strategic Financial Services Inc. raised its position in shares of iShares U.S. Equity Factor ETF by 2.7% during the fourth quarter. Strategic Financial Services Inc. now owns 3,912,625 shares of the company’s stock worth $272,788,000 after purchasing an additional 104,578 shares during the period. Halbert Hargrove Global Advisors LLC increased its stake in iShares U.S. Equity Factor ETF by 1.9% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 3,626,489 shares of the company’s stock worth $239,348,000 after purchasing an additional 67,011 shares in the last quarter. Annex Advisory Services LLC increased its stake in iShares U.S. Equity Factor ETF by 108.5% in the 2nd quarter. Annex Advisory Services LLC now owns 2,839,647 shares of the company’s stock worth $214,762,000 after purchasing an additional 1,477,785 shares in the last quarter. Wells Fargo & Company MN raised its holdings in iShares U.S. Equity Factor ETF by 7.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,601,518 shares of the company’s stock worth $180,623,000 after buying an additional 180,954 shares during the period. Finally, Tolleson Wealth Management Inc. raised its holdings in iShares U.S. Equity Factor ETF by 11.4% during the 2nd quarter. Tolleson Wealth Management Inc. now owns 2,099,726 shares of the company’s stock worth $134,655,000 after buying an additional 215,653 shares during the period.

iShares U.S. Equity Factor ETF Company Profile

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.