iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Down 46.9% in January

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 910,444 shares, a decline of 46.9% from the January 15th total of 1,713,371 shares. Based on an average trading volume of 1,864,842 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,864,842 shares, the short-interest ratio is presently 0.5 days.

iShares Flexible Income Active ETF Stock Up 0.1%

iShares Flexible Income Active ETF stock traded up $0.06 during mid-day trading on Friday, reaching $53.17. The company’s stock had a trading volume of 1,514,302 shares, compared to its average volume of 2,165,097. The firm’s fifty day moving average price is $52.93 and its two-hundred day moving average price is $53.04. iShares Flexible Income Active ETF has a 12-month low of $50.84 and a 12-month high of $53.51.

Institutional Trading of iShares Flexible Income Active ETF

Institutional investors have recently added to or reduced their stakes in the stock. Gen Wealth Partners Inc lifted its position in iShares Flexible Income Active ETF by 26.2% during the fourth quarter. Gen Wealth Partners Inc now owns 21,216 shares of the company’s stock valued at $1,120,000 after purchasing an additional 4,409 shares during the last quarter. Arkadios Wealth Advisors grew its position in iShares Flexible Income Active ETF by 69.9% in the fourth quarter. Arkadios Wealth Advisors now owns 85,196 shares of the company’s stock worth $4,496,000 after acquiring an additional 35,049 shares in the last quarter. Golden State Wealth Management LLC grew its position in iShares Flexible Income Active ETF by 15.8% in the fourth quarter. Golden State Wealth Management LLC now owns 4,034 shares of the company’s stock worth $213,000 after acquiring an additional 549 shares in the last quarter. Titleist Asset Management LLC bought a new position in iShares Flexible Income Active ETF in the fourth quarter valued at $3,488,000. Finally, Mosley Wealth Management bought a new stake in iShares Flexible Income Active ETF during the fourth quarter worth about $1,642,000.

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.