Short Interest in iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Declines By 37.9%

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 70,164 shares, a decline of 37.9% from the March 15th total of 112,920 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 308,431 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of iShares U.S. Equity Factor ETF

Several hedge funds have recently added to or reduced their stakes in the business. Strategic Financial Services Inc. lifted its stake in iShares U.S. Equity Factor ETF by 2.7% in the fourth quarter. Strategic Financial Services Inc. now owns 3,912,625 shares of the company’s stock worth $272,788,000 after purchasing an additional 104,578 shares during the last quarter. Halbert Hargrove Global Advisors LLC increased its position in shares of iShares U.S. Equity Factor ETF by 2.2% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 3,559,478 shares of the company’s stock valued at $247,135,000 after acquiring an additional 76,631 shares during the period. Wells Fargo & Company MN increased its position in shares of iShares U.S. Equity Factor ETF by 7.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,601,518 shares of the company’s stock valued at $180,623,000 after acquiring an additional 180,954 shares during the period. SigFig Wealth Management LLC increased its position in shares of iShares U.S. Equity Factor ETF by 1.6% in the fourth quarter. SigFig Wealth Management LLC now owns 2,529,572 shares of the company’s stock valued at $175,628,000 after acquiring an additional 40,949 shares during the period. Finally, Tolleson Wealth Management Inc. increased its position in shares of iShares U.S. Equity Factor ETF by 11.4% in the second quarter. Tolleson Wealth Management Inc. now owns 2,099,726 shares of the company’s stock valued at $134,655,000 after acquiring an additional 215,653 shares during the period.

iShares U.S. Equity Factor ETF Price Performance

iShares U.S. Equity Factor ETF stock traded up $0.73 during mid-day trading on Tuesday, hitting $70.13. The company’s stock had a trading volume of 200,625 shares, compared to its average volume of 289,689. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 22.79 and a beta of 0.99. The business has a 50 day moving average price of $68.00 and a 200-day moving average price of $68.92. iShares U.S. Equity Factor ETF has a 12 month low of $52.73 and a 12 month high of $71.07.

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.