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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 605,862 shares, a decline of 61.3% from the July 30th total of 1,566,582 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,866,620 shares, the days-to-cover ratio is currently 0.3 days.

iShares Flexible Income Active ETF Trading Down 0.2%

Shares of NYSEARCA BINC traded down $0.11 during mid-day trading on Friday, reaching $51.96. The company had a trading volume of 4,190,307 shares, compared to its average volume of 2,341,931. The business’s 50-day moving average is $52.09 and its 200-day moving average is $52.27. iShares Flexible Income Active ETF has a 52 week low of $51.60 and a 52 week high of $53.51.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of iShares Flexible Income Active ETF by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock valued at $651,418,000 after acquiring an additional 1,048,214 shares in the last quarter. Shah Wealth Advisors LLC bought a new position in iShares Flexible Income Active ETF in the second quarter worth approximately $26,624,000. NewEdge Advisors LLC raised its position in iShares Flexible Income Active ETF by 17.0% during 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of iShares Flexible Income Active ETF by 9.9% in the 4th 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 period. Finally, United Capital Financial Advisors LLC lifted its holdings in shares of iShares Flexible Income Active ETF by 13.0% in the 3rd quarter. United Capital Financial Advisors LLC now owns 937,094 shares of the company’s stock worth $49,891,000 after buying an additional 108,135 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.