iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Update

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 72,279 shares, a decrease of 91.3% from the May 14th total of 833,490 shares. Based on an average daily volume of 5,894,574 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

iShares Flexible Income Active ETF Stock Performance

Shares of BINC traded up $0.16 during trading hours on Thursday, hitting $52.16. 1,975,103 shares of the company were exchanged, compared to its average volume of 2,617,882. iShares Flexible Income Active ETF has a fifty-two week low of $51.60 and a fifty-two week high of $53.51. The firm’s fifty day moving average is $52.21 and its 200 day moving average is $52.59.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

A number of hedge funds have recently made changes to their positions in BINC. Janney Montgomery Scott LLC grew its stake in iShares Flexible Income Active ETF by 4.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock valued at $83,359,000 after acquiring an additional 65,625 shares during the period. Rollins Financial Advisors LLC grew its stake in iShares Flexible Income Active ETF by 23.0% in the fourth quarter. Rollins Financial Advisors LLC now owns 103,578 shares of the company’s stock valued at $5,466,000 after acquiring an additional 19,347 shares during the period. Farther Finance Advisors LLC grew its stake in iShares Flexible Income Active ETF by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 321,728 shares of the company’s stock valued at $16,978,000 after acquiring an additional 136,183 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in iShares Flexible Income Active ETF in the fourth quarter valued at approximately $569,000. Finally, Synergy Investment Management LLC acquired a new stake in iShares Flexible Income Active ETF in the third quarter valued at approximately $4,574,000.

iShares Flexible Income Active ETF Company Profile

The BlackRock Flexible Income ETF (BINC) is an exchange-traded fund that mostly invests in high yield fixed income. The fund provides an actively managed approach to multisector fixed-income exposure globally. It may hold debt and income-producing securities, of any credit quality or maturity, with the objective of maximizing long-term income and capital appreciation. BINC was launched on May 19, 2023 and is managed by BlackRock.