iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Stock Short Interest Rises 1,489.9%

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) was the target of a significant increase in short interest in 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 company are sold short. Based on an average daily trading volume, of 255,093 shares, the days-to-cover ratio is currently 0.5 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intelligence Driven Advisers LLC bought a new position in shares of iShares U.S. Equity Factor ETF in the third quarter worth approximately $1,777,000. LifeGoal Investments LLC raised its position in shares of iShares U.S. Equity Factor ETF by 7.3% during the 3rd quarter. LifeGoal Investments LLC now owns 317,596 shares of the company’s stock valued at $24,725,000 after purchasing an additional 21,737 shares during the period. Market Street Wealth Management Advisors LLC bought a new stake in shares of iShares U.S. Equity Factor ETF during the 3rd quarter valued at $1,978,000. Acropolis Investment Management LLC purchased a new position in shares of iShares U.S. Equity Factor ETF during the 3rd quarter valued at $28,014,000. Finally, Conrad Siegel Investment Advisors Inc. bought a new position in iShares U.S. Equity Factor ETF in the 3rd quarter worth $39,029,000.

iShares U.S. Equity Factor ETF Stock Performance

Shares of NYSEARCA LRGF traded up $0.50 during trading on Friday, hitting $79.65. The company had a trading volume of 434,082 shares, compared to its average volume of 211,698. iShares U.S. Equity Factor ETF has a 12 month low of $63.89 and a 12 month high of $79.90. The firm has a market capitalization of $3.76 billion, a P/E ratio of 22.79 and a beta of 0.98. The stock has a 50 day simple moving average of $78.38 and a 200 day simple moving average of $75.03.

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.