iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Update

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 447,829 shares, an increase of 1,156.7% from the June 15th total of 35,634 shares. Based on an average daily volume of 1,744,854 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of iShares Flexible Income Active ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in iShares Flexible Income Active ETF by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock worth $651,418,000 after purchasing an additional 1,048,214 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares Flexible Income Active ETF by 57.6% during the third quarter. Ameriprise Financial Inc. now owns 6,808,502 shares of the company’s stock worth $362,437,000 after buying an additional 2,489,130 shares during the period. Janney Montgomery Scott LLC raised its stake in iShares Flexible Income Active ETF by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock worth $83,359,000 after buying an additional 65,625 shares during the last quarter. Bank of New York Mellon Corp raised its stake in iShares Flexible Income Active ETF by 9.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock worth $78,229,000 after buying an additional 133,224 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of iShares Flexible Income Active ETF by 17.0% in the 3rd quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock valued at $52,934,000 after purchasing an additional 144,239 shares during the period.

iShares Flexible Income Active ETF Stock Performance

iShares Flexible Income Active ETF stock traded up $0.07 during mid-day trading on Friday, reaching $52.18. The company had a trading volume of 1,246,248 shares, compared to its average volume of 2,476,913. The business has a fifty day simple moving average of $52.21 and a 200 day simple moving average of $52.48. iShares Flexible Income Active ETF has a fifty-two week low of $51.60 and a fifty-two week high of $53.51.

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.