iShares Advantage Large Cap Income ETF (BATS:BALI) Sees Large Increase in Short Interest

iShares Advantage Large Cap Income ETF (BATS:BALI) was the recipient of a significant 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. Based on an average daily trading volume, of 294,807 shares, the days-to-cover ratio is presently 0.5 days. Currently, 14.8% of the company’s stock are sold short.

iShares Advantage Large Cap Income ETF Trading Up 1.1%

Shares of BALI opened at $33.64 on Tuesday. The firm has a market cap of $36.33 million, a price-to-earnings ratio of 23.77 and a beta of 0.85. The stock has a 50 day moving average of $33.45 and a 200-day moving average of $32.34. iShares Advantage Large Cap Income ETF has a 52 week low of $29.75 and a 52 week high of $34.50.

Hedge Funds Weigh In On iShares Advantage Large Cap Income ETF

Large investors have recently added to or reduced their stakes in the company. Spire Wealth Management increased its stake in iShares Advantage Large Cap Income ETF by 978.7% during the fourth quarter. Spire Wealth Management now owns 2,837 shares of the company’s stock valued at $90,000 after purchasing an additional 2,574 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of iShares Advantage Large Cap Income ETF in the 4th quarter worth about $95,000. SHP Wealth Management bought a new position in shares of iShares Advantage Large Cap Income ETF in the 4th quarter worth about $124,000. Transamerica Financial Advisors LLC boosted its holdings in shares of iShares Advantage Large Cap Income ETF by 220.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 4,394 shares of the company’s stock valued at $140,000 after buying an additional 3,022 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of iShares Advantage Large Cap Income ETF by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 6,533 shares of the company’s stock valued at $188,000 after buying an additional 394 shares during the period.

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.