iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Large Volume Increase – What’s Next?

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw unusually-strong trading volume on Monday . Approximately 2,963,900 shares changed hands during trading, an increase of 151% from the previous session’s volume of 1,179,259 shares.The stock last traded at $52.8550 and had previously closed at $52.78.

iShares Flexible Income Active ETF Stock Up 0.1%

The company’s fifty day moving average price is $53.02 and its two-hundred day moving average price is $52.96.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

A number of large investors have recently modified their holdings of the business. Rollins Financial Advisors LLC boosted its stake in shares of iShares Flexible Income Active ETF by 22.0% in the first quarter. Rollins Financial Advisors LLC now owns 69,948 shares of the company’s stock valued at $3,664,000 after buying an additional 12,603 shares in the last quarter. Roxbury Financial LLC grew its stake in shares of iShares Flexible Income Active ETF by 62.2% during the 2nd quarter. Roxbury Financial LLC now owns 5,685 shares of the company’s stock worth $300,000 after purchasing an additional 2,180 shares during the period. Parallel Advisors LLC increased its holdings in shares of iShares Flexible Income Active ETF by 4.1% in the 2nd quarter. Parallel Advisors LLC now owns 340,920 shares of the company’s stock valued at $18,014,000 after purchasing an additional 13,508 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of iShares Flexible Income Active ETF by 17.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,263 shares of the company’s stock valued at $120,000 after purchasing an additional 328 shares during the period. Finally, AdvisorNet Financial Inc boosted its holdings in iShares Flexible Income Active ETF by 5.9% during the second quarter. AdvisorNet Financial Inc now owns 4,831 shares of the company’s stock worth $255,000 after buying an additional 271 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.