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 target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 31,914 shares, a decline of 80.9% from the July 15th total of 166,788 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 135,327 shares, the days-to-cover ratio is currently 0.2 days.

iShares U.S. Equity Factor ETF Stock Performance

LRGF stock opened at $78.52 on Wednesday. The firm has a 50-day simple moving average of $75.88 and a two-hundred day simple moving average of $72.17. iShares U.S. Equity Factor ETF has a one year low of $63.89 and a one year high of $79.06. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99.

Institutional Investors Weigh In On iShares U.S. Equity Factor ETF

Several institutional investors have recently bought and sold shares of the company. First Foundation Advisors increased its position in iShares U.S. Equity Factor ETF by 0.9% during the third quarter. First Foundation Advisors now owns 17,799 shares of the company’s stock worth $1,230,000 after purchasing an additional 167 shares during the last quarter. Cerity Partners LLC raised its stake in iShares U.S. Equity Factor ETF by 0.3% during the second quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock worth $3,273,000 after purchasing an additional 175 shares during the period. Cetera Investment Advisers boosted its holdings in iShares U.S. Equity Factor ETF by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 22,223 shares of the company’s stock valued at $1,543,000 after purchasing an additional 194 shares during the last quarter. Advisory Services Network LLC boosted its holdings in iShares U.S. Equity Factor ETF by 1.7% in the 3rd quarter. Advisory Services Network LLC now owns 17,080 shares of the company’s stock valued at $1,180,000 after purchasing an additional 282 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of iShares U.S. Equity Factor ETF by 127.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 509 shares of the company’s stock valued at $35,000 after buying an additional 285 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.