iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Large Decrease in Short Interest

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 401,736 shares, a decrease of 33.7% from the August 15th total of 605,862 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,341,388 shares, the days-to-cover ratio is currently 0.2 days.

iShares Flexible Income Active ETF Trading Down 0.1%

Shares of NYSEARCA BINC traded down $0.06 during mid-day trading on Friday, hitting $51.27. The company had a trading volume of 251,628 shares, compared to its average volume of 2,298,543. iShares Flexible Income Active ETF has a 12 month low of $51.13 and a 12 month high of $53.51. The firm’s 50 day simple moving average is $51.86 and its two-hundred day simple moving average is $52.09.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 1,048,214 shares during the period. Shah Wealth Advisors LLC bought a new position in iShares Flexible Income Active ETF during the second quarter valued at about $26,624,000. Bank of New York Mellon Corp grew its holdings in iShares Flexible Income Active ETF by 9.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock worth $78,229,000 after acquiring an additional 133,224 shares during the period. Sterling Investment Advisors Ltd. acquired a new position in iShares Flexible Income Active ETF during the fourth quarter worth about $4,897,000. Finally, Parallel Advisors LLC raised its position in iShares Flexible Income Active ETF by 15.9% in the fourth quarter. Parallel Advisors LLC now owns 592,874 shares of the company’s stock worth $31,286,000 after acquiring an additional 81,371 shares in 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.