iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Down 61.3% in August

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 605,862 shares, a decrease of 61.3% from the July 30th total of 1,566,582 shares. Based on an average daily trading volume, of 1,866,620 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

iShares Flexible Income Active ETF Price Performance

Shares of NYSEARCA:BINC traded down $0.11 during midday trading on Friday, reaching $51.96. 4,367,251 shares of the company’s stock were exchanged, compared to its average volume of 2,343,642. The company’s 50 day simple moving average is $52.08 and its two-hundred day simple moving average is $52.26. iShares Flexible Income Active ETF has a 12 month low of $51.60 and a 12 month high of $53.51.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BINC. JPMorgan Chase & Co. boosted its stake in iShares Flexible Income Active ETF by 9.3% in the fourth quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock valued at $651,418,000 after acquiring an additional 1,048,214 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in iShares Flexible Income Active ETF by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock worth $83,359,000 after acquiring an additional 65,625 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in iShares Flexible Income Active ETF by 9.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock valued at $78,229,000 after acquiring an additional 133,224 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of iShares Flexible Income Active ETF by 17.0% during the 3rd quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock worth $52,934,000 after acquiring an additional 144,239 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its position in iShares Flexible Income Active ETF by 13.0% during the third quarter. United Capital Financial Advisors LLC now owns 937,094 shares of the company’s stock worth $49,891,000 after acquiring an additional 108,135 shares during the last quarter.

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.