iShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 107,882 shares, a drop of 94.8% from the September 30th total of 2,078,481 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,112,807 shares, the short-interest ratio is presently 0.0 days.
Hedge Funds Weigh In On iShares Flexible Income Active ETF
Several large investors have recently modified their holdings of BINC. Shah Wealth Advisors LLC acquired a new stake in shares of iShares Flexible Income Active ETF in the second quarter valued at about $26,624,000. First National Bank & Trust Co. of Newtown boosted its position in iShares Flexible Income Active ETF by 72.0% during the first quarter. First National Bank & Trust Co. of Newtown now owns 150,080 shares of the company’s stock worth $7,794,000 after acquiring an additional 62,820 shares during the last quarter. Parallel Advisors LLC boosted its position in iShares Flexible Income Active ETF by 8.3% during the first quarter. Parallel Advisors LLC now owns 642,004 shares of the company’s stock worth $33,339,000 after acquiring an additional 49,130 shares during the last quarter. Arkadios Wealth Advisors boosted its position in iShares Flexible Income Active ETF by 43.7% during the first quarter. Arkadios Wealth Advisors now owns 122,464 shares of the company’s stock worth $6,360,000 after acquiring an additional 37,268 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in iShares Flexible Income Active ETF during the 1st quarter valued at about $1,345,000.
iShares Flexible Income Active ETF Price Performance
Shares of NYSEARCA:BINC traded up $0.01 during midday trading on Monday, hitting $50.67. The stock had a trading volume of 2,110,252 shares, compared to its average volume of 2,392,300. iShares Flexible Income Active ETF has a 12 month low of $50.43 and a 12 month high of $53.51. The business’s 50-day simple moving average is $51.25 and its 200-day simple moving average is $52.10.
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
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
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.
