iShares Flexible Income Active ETF (NYSEARCA:BINC) Shares Shorted: Short Interest Up 448.5% in September

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,078,481 shares, a growth of 448.5% from the September 15th total of 378,944 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 2,718,142 shares, the days-to-cover ratio is presently 0.8 days.

iShares Flexible Income Active ETF Stock Up 0.1%

NYSEARCA BINC traded up $0.04 during trading on Friday, hitting $50.69. 1,808,866 shares of the company’s stock were exchanged, compared to its average volume of 2,375,038. iShares Flexible Income Active ETF has a fifty-two week low of $50.43 and a fifty-two week high of $53.51. The stock’s 50 day moving average price is $51.50 and its two-hundred day moving average price is $51.93.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in shares of iShares Flexible Income Active ETF by 8.3% in the 1st quarter. Parallel Advisors LLC now owns 642,004 shares of the company’s stock valued at $33,339,000 after acquiring an additional 49,130 shares during the last quarter. Shah Wealth Advisors LLC bought a new stake in iShares Flexible Income Active ETF during the 2nd quarter worth $26,624,000. Global Wealth Strategies & Associates grew its position in iShares Flexible Income Active ETF by 8.0% during the 2nd quarter. Global Wealth Strategies & Associates now owns 267,361 shares of the company’s stock worth $13,994,000 after acquiring an additional 19,831 shares during the last quarter. Icon Wealth Advisors LLC grew its position in iShares Flexible Income Active ETF by 11.5% during the 4th quarter. Icon Wealth Advisors LLC now owns 233,129 shares of the company’s stock worth $12,302,000 after acquiring an additional 23,959 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown increased its holdings in iShares Flexible Income Active ETF by 72.0% in the 1st quarter. First National Bank & Trust Co. of Newtown now owns 150,080 shares of the company’s stock worth $7,794,000 after purchasing an additional 62,820 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.