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

iShares Advantage Large Cap Income ETF (BATS:BALI) saw 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 daily volume of 226,858 shares, the days-to-cover ratio is presently 0.5 days. Currently, 10.4% of the company’s stock are sold short.

iShares Advantage Large Cap Income ETF Price Performance

Shares of BATS BALI opened at $34.84 on Tuesday. iShares Advantage Large Cap Income ETF has a 1-year low of $29.94 and a 1-year high of $35.39. The business has a 50-day moving average of $34.18 and a 200-day moving average of $33.07. The company has a market capitalization of $37.63 million, a price-to-earnings ratio of 23.77 and a beta of 0.85.

Hedge Funds Weigh In On iShares Advantage Large Cap Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC purchased a new position in iShares Advantage Large Cap Income ETF in the 2nd quarter worth approximately $152,000. Arkadios Wealth Advisors raised its stake in shares of iShares Advantage Large Cap Income ETF by 45.1% during the first quarter. Arkadios Wealth Advisors now owns 30,794 shares of the company’s stock valued at $949,000 after purchasing an additional 9,573 shares during the period. Sunbelt Securities Inc. raised its stake in shares of iShares Advantage Large Cap Income ETF by 25.8% during the first quarter. Sunbelt Securities Inc. now owns 20,846 shares of the company’s stock valued at $642,000 after purchasing an additional 4,278 shares during the period. Beacon Financial Group lifted its position in shares of iShares Advantage Large Cap Income ETF by 0.7% during the first quarter. Beacon Financial Group now owns 61,281 shares of the company’s stock worth $1,888,000 after purchasing an additional 429 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of iShares Advantage Large Cap Income ETF during the first quarter worth $1,681,000.

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.