iShares U.S. Equity Factor ETF (NYSEARCA:LRGF – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 19,968 shares, a decline of 72.3% from the August 15th total of 72,118 shares. Based on an average daily trading volume, of 170,658 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in LRGF. Annex Advisory Services LLC grew 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 valued at $214,762,000 after purchasing an additional 1,477,785 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of iShares U.S. Equity Factor ETF by 1,092.7% in the fourth quarter. Corient Private Wealth LLC now owns 1,526,229 shares of the company’s stock worth $105,966,000 after buying an additional 1,398,261 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares U.S. Equity Factor ETF by 146.8% during the second quarter. Bank of America Corp DE now owns 770,165 shares of the company’s stock valued at $49,391,000 after buying an additional 458,079 shares during the last quarter. Tolleson Wealth Management Inc. boosted its stake in 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 buying an additional 215,653 shares during the last quarter. Finally, Modern Wealth Management LLC grew its holdings in iShares U.S. Equity Factor ETF by 22.7% during the 1st quarter. Modern Wealth Management LLC now owns 1,051,355 shares of the company’s stock valued at $69,831,000 after buying an additional 194,532 shares in the last quarter.
iShares U.S. Equity Factor ETF Trading Up 0.9%
Shares of NYSEARCA:LRGF traded up $0.69 during midday trading on Friday, reaching $78.12. 61,843 shares of the company were exchanged, compared to its average volume of 209,812. The stock has a market cap of $3.68 billion, a PE ratio of 22.79 and a beta of 0.99. The business’s fifty day moving average is $77.32 and its two-hundred day moving average is $73.59. iShares U.S. Equity Factor ETF has a one year low of $63.89 and a one year high of $79.44.
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.
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