iShares Large Cap Max Buffer Sep ETF (BATS:SMAX) Short Interest Up 1,029.6% in May

iShares Large Cap Max Buffer Sep ETF (BATS:SMAX) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,327 shares, a growth of 1,029.6% from the May 14th total of 206 shares. Based on an average daily volume of 34,320 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

iShares Large Cap Max Buffer Sep ETF Trading Down 0.1%

Shares of SMAX traded down $0.03 during mid-day trading on Tuesday, reaching $27.70. The stock had a trading volume of 4,359 shares, compared to its average volume of 23,366. iShares Large Cap Max Buffer Sep ETF has a 52-week low of $25.70 and a 52-week high of $27.84. The business’s fifty day moving average is $27.43 and its 200 day moving average is $27.17.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SMAX. Advisory Services Network LLC acquired a new stake in shares of iShares Large Cap Max Buffer Sep ETF during the third quarter worth about $36,000. AE Wealth Management LLC purchased a new position in iShares Large Cap Max Buffer Sep ETF in the third quarter valued at approximately $180,000. Spire Wealth Management purchased a new position in iShares Large Cap Max Buffer Sep ETF in the fourth quarter valued at approximately $194,000. Diversify Wealth Management LLC purchased a new position in iShares Large Cap Max Buffer Sep ETF in the first quarter valued at approximately $200,000. Finally, Ausdal Financial Partners Inc. purchased a new position in shares of iShares Large Cap Max Buffer Sep ETF during the third quarter worth approximately $208,000.

About iShares Large Cap Max Buffer Sep ETF

The iShares Large Cap Max Buffer Sep ETF (SMAX) is an exchange-traded fund that is based on the S&P 500 index. The fund seeks to track the price return of the iShares Core S&P 500 ETF (IVV) up to a cap, with 100% downside hedge over a one-year outcome period. The actively managed fund obtains exposure by holding IVV shares and options SMAX was launched on Sep 30, 2024 and is issued by BlackRock.