iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Short Interest Down 30.9% in January

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 171,514 shares, a drop of 30.9% from the December 31st total of 248,054 shares. Based on an average daily volume of 228,832 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 228,832 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in iShares U.S. Equity Factor ETF by 48.0% in the 1st quarter. AQR Capital Management LLC now owns 68,668 shares of the company’s stock valued at $3,975,000 after acquiring an additional 22,261 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of iShares U.S. Equity Factor ETF in the first quarter valued at approximately $2,568,000. Jane Street Group LLC bought a new stake in shares of iShares U.S. Equity Factor ETF in the first quarter valued at approximately $2,041,000. Parsons Capital Management Inc. RI lifted its stake in shares of iShares U.S. Equity Factor ETF by 3.1% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 5,835 shares of the company’s stock valued at $374,000 after buying an additional 173 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in iShares U.S. Equity Factor ETF in the 2nd quarter worth approximately $5,074,000.

iShares U.S. Equity Factor ETF Trading Down 0.5%

Shares of NYSEARCA:LRGF traded down $0.36 during mid-day trading on Friday, reaching $69.64. The company had a trading volume of 162,027 shares, compared to its average volume of 291,971. iShares U.S. Equity Factor ETF has a one year low of $49.97 and a one year high of $71.07. The company’s 50-day moving average price is $69.70 and its 200-day moving average price is $68.39. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 22.79 and a beta of 0.98.

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.