iShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 447,829 shares, a growth of 1,156.7% from the June 15th total of 35,634 shares. Based on an average daily trading volume, of 1,744,854 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.
iShares Flexible Income Active ETF Trading Up 0.1%
Shares of iShares Flexible Income Active ETF stock traded up $0.07 during trading on Friday, reaching $52.18. The company’s stock had a trading volume of 1,246,248 shares, compared to its average volume of 2,476,913. The business’s 50-day moving average price is $52.21 and its 200-day moving average price is $52.48. iShares Flexible Income Active ETF has a 52 week low of $51.60 and a 52 week high of $53.51.
Institutional Trading of iShares Flexible Income Active ETF
Several hedge funds and other institutional investors have recently bought and sold shares of BINC. Janney Montgomery Scott LLC grew 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 in the last quarter. Rollins Financial Advisors LLC increased its holdings in iShares Flexible Income Active ETF by 23.0% in the 4th quarter. Rollins Financial Advisors LLC now owns 103,578 shares of the company’s stock valued at $5,466,000 after buying an additional 19,347 shares during the period. Nations Financial Group Inc. IA ADV acquired a new position in shares of iShares Flexible Income Active ETF in the 4th quarter valued at approximately $569,000. Farther Finance Advisors LLC raised its position in shares of iShares Flexible Income Active ETF by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 321,728 shares of the company’s stock valued at $16,978,000 after buying an additional 136,183 shares in the last quarter. Finally, Tsfg LLC lifted its holdings in shares of iShares Flexible Income Active ETF by 10.9% during the 4th quarter. Tsfg LLC now owns 147,465 shares of the company’s stock worth $7,782,000 after acquiring an additional 14,457 shares during the period.
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.
Further Reading
- Five stocks we like better than iShares Flexible Income Active ETF
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
Receive News & Ratings for iShares Flexible Income Active ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Flexible Income Active ETF and related companies with MarketBeat.com's FREE daily email newsletter.
