iShares U.S. Equity Factor ETF (NYSEARCA:LRGF – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 124,138 shares, an increase of 1,489.9% from the September 15th total of 7,808 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 255,093 shares, the short-interest ratio is presently 0.5 days.
iShares U.S. Equity Factor ETF Stock Performance
LRGF traded up $0.50 during trading on Friday, reaching $79.65. 434,082 shares of the company traded hands, compared to its average volume of 211,698. The firm has a fifty day simple moving average of $78.38 and a 200 day simple moving average of $75.03. iShares U.S. Equity Factor ETF has a 12-month low of $63.89 and a 12-month high of $79.90. The company has a market cap of $3.76 billion, a P/E ratio of 22.79 and a beta of 0.98.
Hedge Funds Weigh In On iShares U.S. Equity Factor ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LRGF. Halbert Hargrove Global Advisors LLC increased 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 during the last quarter. SigFig Wealth Management LLC purchased a new position in shares of iShares U.S. Equity Factor ETF in the third quarter valued at $222,654,000. Annex Advisory Services LLC increased its position in iShares U.S. Equity Factor ETF by 108.5% in the second 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 during the last quarter. Clearwater Capital Advisors LLC raised its stake in iShares U.S. Equity Factor ETF by 5.7% during the first quarter. Clearwater Capital Advisors LLC now owns 1,128,442 shares of the company’s stock valued at $74,477,000 after purchasing an additional 60,478 shares in the last quarter. Finally, Modern Wealth Management LLC raised its stake in iShares U.S. Equity Factor ETF by 22.7% during the first quarter. Modern Wealth Management LLC now owns 1,051,355 shares of the company’s stock valued at $69,831,000 after purchasing an additional 194,532 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.
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