iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Short Interest Down 72.3% in August

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 19,968 shares, a drop of 72.3% from the August 15th total of 72,118 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 170,658 shares, the short-interest ratio is currently 0.1 days.

iShares U.S. Equity Factor ETF Trading Up 0.9%

Shares of LRGF traded up $0.69 during trading hours on Friday, reaching $78.12. 61,843 shares of the stock traded hands, compared to its average volume of 209,812. The company has a market cap of $3.68 billion, a P/E ratio of 22.79 and a beta of 0.99. The company’s 50-day moving average price is $77.32 and its two-hundred day moving average price is $73.59. iShares U.S. Equity Factor ETF has a 52-week low of $63.89 and a 52-week high of $79.44.

Hedge Funds Weigh In On iShares U.S. Equity Factor ETF

A number of hedge funds have recently made changes to their positions in the business. First Foundation Advisors grew its position in shares of 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 in the last quarter. Cerity Partners LLC lifted its holdings in iShares U.S. Equity Factor ETF by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 51,042 shares of the company’s stock worth $3,273,000 after purchasing an additional 175 shares in the last quarter. Cetera Investment Advisers lifted 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 worth $1,543,000 after purchasing an additional 194 shares in the last quarter. Endeavor Private Wealth Inc. boosted its stake in iShares U.S. Equity Factor ETF by 6.6% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 3,414 shares of the company’s stock worth $258,000 after purchasing an additional 210 shares during the period. Finally, Advisory Services Network LLC boosted its stake 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 worth $1,180,000 after purchasing an additional 282 shares during the period.

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.