iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Flexible Income Active ETF (NYSEARCA:BINC) saw an uptick in trading volume on Thursday . 4,926,403 shares traded hands during trading, an increase of 130% from the previous session’s volume of 2,138,896 shares.The stock last traded at $52.15 and had previously closed at $52.41.

iShares Flexible Income Active ETF Trading Down 0.5%

The company has a fifty day moving average price of $52.97 and a 200 day moving average price of $53.05.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mengis Capital Management Inc. grew its stake in iShares Flexible Income Active ETF by 14.5% in the 4th quarter. Mengis Capital Management Inc. now owns 67,137 shares of the company’s stock worth $3,543,000 after buying an additional 8,501 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of iShares Flexible Income Active ETF by 75.2% during the 4th quarter. Sunbelt Securities Inc. now owns 14,810 shares of the company’s stock valued at $782,000 after buying an additional 6,359 shares in the last quarter. Claris Financial LLC bought a new stake in shares of iShares Flexible Income Active ETF during the 4th quarter worth $601,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of iShares Flexible Income Active ETF by 2.8% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 61,350 shares of the company’s stock worth $3,243,000 after acquiring an additional 1,676 shares during the last quarter. Finally, Imprint Wealth LLC grew its position in iShares Flexible Income Active ETF by 58.6% in the fourth quarter. Imprint Wealth LLC now owns 2,192 shares of the company’s stock worth $116,000 after acquiring an additional 810 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.