iShares Advantage Large Cap Income ETF (BATS:BALI) Short Interest Up 127.6% in June

iShares Advantage Large Cap Income ETF (BATS:BALI) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 159,541 shares, a growth of 127.6% from the May 31st total of 70,087 shares. Currently, 14.8% of the shares of the company are short sold. Based on an average trading volume of 294,807 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of iShares Advantage Large Cap Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Spire Wealth Management lifted its stake in shares of iShares Advantage Large Cap Income ETF by 978.7% during the 4th quarter. Spire Wealth Management now owns 2,837 shares of the company’s stock valued at $90,000 after buying an additional 2,574 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in iShares Advantage Large Cap Income ETF in the 4th quarter worth $95,000. SHP Wealth Management purchased a new stake in iShares Advantage Large Cap Income ETF in the 4th quarter worth $124,000. Transamerica Financial Advisors LLC raised its holdings in iShares Advantage Large Cap Income ETF by 220.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 4,394 shares of the company’s stock valued at $140,000 after acquiring an additional 3,022 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in iShares Advantage Large Cap Income ETF by 6.4% during the first quarter. NewEdge Advisors LLC now owns 6,533 shares of the company’s stock valued at $188,000 after acquiring an additional 394 shares during the period.

iShares Advantage Large Cap Income ETF Trading Up 0.6%

BATS BALI opened at $33.83 on Wednesday. iShares Advantage Large Cap Income ETF has a 12 month low of $29.75 and a 12 month high of $34.50. The stock has a market cap of $36.54 million, a price-to-earnings ratio of 23.77 and a beta of 0.85. The company’s 50 day moving average is $33.47 and its two-hundred day moving average is $32.36.

About iShares Advantage Large Cap Income ETF

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.