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

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 228,219 shares, a decline of 83.2% from the November 30th total of 1,355,658 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,811,281 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 1,811,281 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BINC. Trust Co. of Vermont acquired a new stake in shares of iShares Flexible Income Active ETF during the third quarter valued at approximately $28,000. Bessemer Group Inc. purchased a new stake in shares of iShares Flexible Income Active ETF in the third quarter valued at $53,000. Imprint Wealth LLC acquired a new stake in shares of iShares Flexible Income Active ETF in the third quarter worth $74,000. Sound Income Strategies LLC boosted its position in iShares Flexible Income Active ETF by 547.6% during the 2nd quarter. Sound Income Strategies LLC now owns 1,632 shares of the company’s stock worth $86,000 after acquiring an additional 1,380 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of iShares Flexible Income Active ETF by 17.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,263 shares of the company’s stock worth $120,000 after purchasing an additional 328 shares during the period.

iShares Flexible Income Active ETF Price Performance

Shares of BINC traded up $0.01 during trading hours on Friday, reaching $52.76. 1,148,956 shares of the company’s stock traded hands, compared to its average volume of 1,552,814. iShares Flexible Income Active ETF has a twelve month low of $50.84 and a twelve month high of $53.51. The business’s fifty day simple moving average is $53.08 and its two-hundred day simple moving average is $52.94.

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.