Short Interest in iShares Advantage Large Cap Income ETF (BATS:BALI) Rises By 60.8%

iShares Advantage Large Cap Income ETF (BATS:BALI) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 112,157 shares, a growth of 60.8% from the July 30th total of 69,759 shares. Based on an average trading volume of 226,858 shares, the days-to-cover ratio is presently 0.5 days. Approximately 10.4% of the shares of the company are short sold.

iShares Advantage Large Cap Income ETF Price Performance

BATS:BALI opened at $34.36 on Wednesday. The stock has a market cap of $37.11 million, a P/E ratio of 23.77 and a beta of 0.85. iShares Advantage Large Cap Income ETF has a one year low of $29.94 and a one year high of $35.39. The company has a fifty day moving average price of $34.21 and a 200 day moving average price of $33.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in shares of iShares Advantage Large Cap Income ETF in the fourth quarter valued at about $95,000. SHP Wealth Management acquired a new stake in iShares Advantage Large Cap Income ETF during the fourth quarter worth about $124,000. Transamerica Financial Advisors LLC increased its stake 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. Continuum Advisory LLC bought a new position in iShares Advantage Large Cap Income ETF during the second quarter valued at about $152,000. Finally, NewEdge Advisors LLC increased its stake 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 Company Profile

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.