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

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) was the target of a large growth in short interest in the month of 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 99,253 shares, the days-to-cover ratio is currently 0.7 days.

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

Several institutional investors and hedge funds have recently modified their holdings of LRGF. Strategic Financial Services Inc. increased its position in 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 acquiring an additional 104,578 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings 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 valued at $239,348,000 after purchasing an additional 67,011 shares during the period. Annex Advisory Services LLC grew its position in shares of iShares U.S. Equity Factor ETF by 108.5% during 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 grew its position in shares of 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 purchasing an additional 180,954 shares in the last quarter. Finally, Tolleson Wealth Management Inc. grew its position in shares of 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 purchasing an additional 215,653 shares in the last quarter.

iShares U.S. Equity Factor ETF Price Performance

NYSEARCA LRGF traded down $0.28 on Friday, reaching $78.48. The stock had a trading volume of 106,192 shares, compared to its average volume of 214,644. The company has a market cap of $3.70 billion, a P/E ratio of 22.79 and a beta of 0.99. The firm has a fifty day moving average of $76.61 and a two-hundred day moving average of $72.92. iShares U.S. Equity Factor ETF has a 1-year low of $63.89 and a 1-year 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.