iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Down 50.7% in June

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 35,634 shares, a decline of 50.7% from the May 31st total of 72,279 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,922,855 shares, the days-to-cover ratio is currently 0.0 days.

iShares Flexible Income Active ETF Price Performance

NYSEARCA BINC traded down $0.03 on Tuesday, hitting $52.41. 603,457 shares of the stock traded hands, compared to its average volume of 2,513,369. The business’s fifty day moving average is $52.26 and its two-hundred day moving average is $52.53. iShares Flexible Income Active ETF has a 12 month low of $51.60 and a 12 month high of $53.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in iShares Flexible Income Active ETF by 57.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,808,502 shares of the company’s stock worth $362,437,000 after acquiring an additional 2,489,130 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares Flexible Income Active ETF by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock worth $651,418,000 after purchasing an additional 1,048,214 shares during the period. Parallel Advisors LLC boosted its position in iShares Flexible Income Active ETF by 50.0% during the third quarter. Parallel Advisors LLC now owns 511,503 shares of the company’s stock worth $27,232,000 after purchasing an additional 170,583 shares during the period. NewEdge Advisors LLC increased its stake in shares of iShares Flexible Income Active ETF by 17.0% in the third quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock worth $52,934,000 after purchasing an additional 144,239 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of 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 worth $16,978,000 after purchasing an additional 136,183 shares in the last quarter.

About iShares Flexible Income Active ETF

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.