iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Down 91.3% in May

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 72,279 shares, a drop of 91.3% from the May 14th total of 833,490 shares. Based on an average daily volume of 5,894,574 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

iShares Flexible Income Active ETF Stock Performance

BINC traded up $0.08 during trading on Tuesday, hitting $52.04. 1,635,250 shares of the company’s stock traded hands, compared to its average volume of 2,633,295. The company’s 50 day simple moving average is $52.20 and its two-hundred day simple moving average is $52.61. iShares Flexible Income Active ETF has a 12-month low of $51.60 and a 12-month high of $53.51.

Institutional Trading of iShares Flexible Income Active ETF

Several institutional investors have recently added to or reduced their stakes in BINC. Redwood Investment Management LLC boosted its stake in iShares Flexible Income Active ETF by 11.3% during the 2nd quarter. Redwood Investment Management LLC now owns 24,124 shares of the company’s stock valued at $1,275,000 after purchasing an additional 2,442 shares during the last quarter. Bessemer Group Inc. purchased a new stake in iShares Flexible Income Active ETF during the 3rd quarter valued at $53,000. Western Wealth Management LLC boosted its stake in iShares Flexible Income Active ETF by 1.8% during the 3rd quarter. Western Wealth Management LLC now owns 19,809 shares of the company’s stock valued at $1,055,000 after purchasing an additional 349 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Flexible Income Active ETF by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,296,259 shares of the company’s stock valued at $601,413,000 after purchasing an additional 490,193 shares during the last quarter. Finally, Synergy Investment Management LLC purchased a new stake in iShares Flexible Income Active ETF during the 3rd quarter valued at $4,574,000.

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.