Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Grows By 81.3%

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 413,848 shares, an increase of 81.3% from the December 15th total of 228,219 shares. Based on an average daily volume of 1,745,522 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,745,522 shares, the short-interest ratio is currently 0.2 days.

iShares Flexible Income Active ETF Stock Down 0.1%

Shares of NYSEARCA BINC traded down $0.06 during midday trading on Friday, reaching $52.96. The company’s stock had a trading volume of 573,877 shares, compared to its average volume of 2,281,912. iShares Flexible Income Active ETF has a one year low of $50.84 and a one year high of $53.51. The company has a 50 day moving average price of $52.97 and a 200 day moving average price of $52.98.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

A number of institutional investors and hedge funds have recently modified their holdings of BINC. Trust Co. of Vermont acquired a new position in shares of iShares Flexible Income Active ETF in the 3rd quarter worth $28,000. Bessemer Group Inc. purchased a new stake in shares of iShares Flexible Income Active ETF during the third quarter valued at $53,000. Imprint Wealth LLC acquired a new position in shares of iShares Flexible Income Active ETF in the 3rd quarter valued at $74,000. Sound Income Strategies LLC boosted its position in shares of iShares Flexible Income Active ETF by 547.6% in the 2nd quarter. Sound Income Strategies LLC now owns 1,632 shares of the company’s stock valued at $86,000 after purchasing an additional 1,380 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in iShares Flexible Income Active ETF by 17.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,263 shares of the company’s stock worth $120,000 after purchasing an additional 328 shares in the last quarter.

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.