Short Interest in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Drops By 80.9%

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 31,914 shares, a drop of 80.9% from the July 15th total of 166,788 shares. Based on an average trading volume of 135,327 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

iShares U.S. Equity Factor ETF Stock Down 0.3%

Shares of iShares U.S. Equity Factor ETF stock opened at $78.52 on Wednesday. The stock’s fifty day moving average is $75.88 and its two-hundred day moving average is $72.17. The company has a market capitalization of $3.70 billion, a PE ratio of 22.79 and a beta of 0.99. iShares U.S. Equity Factor ETF has a 52 week low of $63.89 and a 52 week high of $79.06.

Institutional Inflows and Outflows

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