iShares Flexible Income Active ETF (NYSEARCA:BINC) Stock Short Interest Climbs 2,547.6%

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 2,856,245 shares, a growth of 2,547.6% from the October 15th total of 107,882 shares. Based on an average daily volume of 2,868,660 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Trading of iShares Flexible Income Active ETF

Institutional investors have recently made changes to their positions in the stock. Shah Wealth Advisors LLC purchased a new stake in iShares Flexible Income Active ETF during the 2nd quarter valued at $26,624,000. Parallel Advisors LLC grew its holdings in iShares Flexible Income Active ETF by 43.8% in the 3rd quarter. Parallel Advisors LLC now owns 1,001,207 shares of the company’s stock worth $50,851,000 after acquiring an additional 304,883 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of iShares Flexible Income Active ETF by 43.7% in the first quarter. Arkadios Wealth Advisors now owns 122,464 shares of the company’s stock valued at $6,360,000 after acquiring an additional 37,268 shares during the period. Western Wealth Management LLC increased its position in shares of iShares Flexible Income Active ETF by 93.4% in the third quarter. Western Wealth Management LLC now owns 60,071 shares of the company’s stock valued at $3,051,000 after acquiring an additional 29,009 shares during the period. Finally, Aventus Investment Advisors Inc. increased its position in shares of iShares Flexible Income Active ETF by 706.2% in the second quarter. Aventus Investment Advisors Inc. now owns 22,985 shares of the company’s stock valued at $1,203,000 after acquiring an additional 20,134 shares during the period.

iShares Flexible Income Active ETF Trading Down 0.3%

BINC stock traded down $0.15 during trading on Tuesday, hitting $50.75. 2,127,710 shares of the company traded hands, compared to its average volume of 2,410,390. The company has a 50-day moving average of $50.94 and a 200-day moving average of $51.97. iShares Flexible Income Active ETF has a 1 year low of $50.43 and a 1 year high of $53.42.

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.