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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 236,818 shares, a growth of 118.6% from the March 31st total of 108,315 shares. Based on an average daily trading volume, of 1,922,134 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of iShares Flexible Income Active ETF

A number of hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new stake in shares of iShares Flexible Income Active ETF during the fourth quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in iShares Flexible Income Active ETF in the 4th quarter valued at approximately $30,000. Canton Hathaway LLC acquired a new position in iShares Flexible Income Active ETF in the 4th quarter valued at approximately $32,000. Curio Wealth LLC lifted its position in iShares Flexible Income Active ETF by 577.0% in the 4th quarter. Curio Wealth LLC now owns 677 shares of the company’s stock worth $36,000 after buying an additional 577 shares in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in iShares Flexible Income Active ETF in the 4th quarter worth approximately $40,000.

iShares Flexible Income Active ETF Stock Down 0.2%

iShares Flexible Income Active ETF stock traded down $0.09 during mid-day trading on Tuesday, hitting $52.38. The company’s stock had a trading volume of 601,825 shares, compared to its average volume of 2,401,368. The firm’s 50 day moving average is $52.40 and its 200 day moving average is $52.81. iShares Flexible Income Active ETF has a 52-week low of $51.60 and a 52-week high of $53.51.

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.