iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Short Interest Update

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 227,629 shares, a drop of 32.8% from the February 12th total of 338,969 shares. Based on an average daily volume of 273,291 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 273,291 shares, the days-to-cover ratio is currently 0.8 days.

iShares U.S. Equity Factor ETF Stock Performance

Shares of LRGF stock traded down $0.47 during mid-day trading on Friday, hitting $66.77. 418,178 shares of the stock were exchanged, compared to its average volume of 307,254. The stock’s fifty day simple moving average is $69.35 and its two-hundred day simple moving average is $69.05. iShares U.S. Equity Factor ETF has a 12-month low of $49.97 and a 12-month high of $71.07. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 22.79 and a beta of 0.98.

Institutional Trading of iShares U.S. Equity Factor ETF

Several hedge funds have recently modified their holdings of the business. BFI Wealth Solutions LLC purchased a new position in iShares U.S. Equity Factor ETF in the fourth quarter worth $1,974,000. Axxcess Wealth Management LLC purchased a new stake in shares of iShares U.S. Equity Factor ETF during the 4th quarter worth $736,000. Corient Private Wealth LLC grew its stake in shares of iShares U.S. Equity Factor ETF by 1,092.7% during the 4th quarter. Corient Private Wealth LLC now owns 1,526,229 shares of the company’s stock worth $105,966,000 after purchasing an additional 1,398,261 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at about $222,000. Finally, Hershey Financial Advisers LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the 4th quarter valued at about $1,718,000.

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.