iShares Large Cap Max Buffer Jun ETF (BATS:MAXJ) Sees Significant Increase in Short Interest

iShares Large Cap Max Buffer Jun ETF (BATS:MAXJ) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 8,192 shares, an increase of 412.0% from the April 30th total of 1,600 shares. Based on an average daily trading volume, of 15,208 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

iShares Large Cap Max Buffer Jun ETF Stock Performance

BATS MAXJ traded down $0.01 on Friday, hitting $28.97. 19,500 shares of the company’s stock traded hands, compared to its average volume of 18,123. iShares Large Cap Max Buffer Jun ETF has a 1-year low of $26.44 and a 1-year high of $29.09. The firm’s 50-day moving average price is $28.62 and its two-hundred day moving average price is $28.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAXJ. Northwestern Mutual Wealth Management Co. purchased a new stake in iShares Large Cap Max Buffer Jun ETF in the fourth quarter valued at $25,000. Advisory Services Network LLC acquired a new position in shares of iShares Large Cap Max Buffer Jun ETF in the 3rd quarter valued at about $40,000. EFG International AG purchased a new stake in shares of iShares Large Cap Max Buffer Jun ETF in the fourth quarter worth about $74,000. Geneos Wealth Management Inc. grew its holdings in iShares Large Cap Max Buffer Jun ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,507 shares of the company’s stock worth $96,000 after acquiring an additional 2,338 shares during the period. Finally, Sigma Planning Corp acquired a new stake in iShares Large Cap Max Buffer Jun ETF during the first quarter worth about $251,000.

About iShares Large Cap Max Buffer Jun ETF

The iShares Large Cap Max Buffer Jun ETF (MAXJ) is an exchange-traded fund that mostly invests in large cap equity. 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. MAXJ was launched on Jun 28, 2024 and is issued by BlackRock.