iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Down 50.7% in June

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 35,634 shares, a decline of 50.7% from the May 31st total of 72,279 shares. Based on an average daily trading volume, of 1,922,855 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

A number of large investors have recently modified their holdings of BINC. Ameriprise Financial Inc. raised its position in iShares Flexible Income Active ETF by 57.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,808,502 shares of the company’s stock worth $362,437,000 after purchasing an additional 2,489,130 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares Flexible Income Active ETF by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock valued at $651,418,000 after buying an additional 1,048,214 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of iShares Flexible Income Active ETF by 50.0% in the 3rd quarter. Parallel Advisors LLC now owns 511,503 shares of the company’s stock valued at $27,232,000 after buying an additional 170,583 shares during the period. NewEdge Advisors LLC increased 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 buying an additional 144,239 shares during the period. Finally, Farther Finance Advisors LLC increased its stake 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 during the period.

iShares Flexible Income Active ETF Stock Down 0.4%

NYSEARCA:BINC traded down $0.22 during mid-day trading on Wednesday, reaching $52.12. 1,501,863 shares of the company were exchanged, compared to its average volume of 2,530,038. iShares Flexible Income Active ETF has a 12 month low of $51.60 and a 12 month high of $53.51. The company has a fifty day moving average of $52.24 and a 200 day moving average of $52.52.

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.