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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 401,736 shares, a decrease of 33.7% from the August 15th total of 605,862 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,341,388 shares, the short-interest ratio is currently 0.2 days.

iShares Flexible Income Active ETF Stock Up 0.2%

NYSEARCA:BINC traded up $0.12 during trading hours on Thursday, hitting $51.30. The stock had a trading volume of 927,400 shares, compared to its average volume of 2,305,104. iShares Flexible Income Active ETF has a one year low of $51.13 and a one year high of $53.51. The company has a 50 day simple moving average of $51.88 and a two-hundred day simple moving average of $52.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $651,418,000 after purchasing an additional 1,048,214 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in iShares Flexible Income Active ETF by 4.3% in the 4th 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 during the last quarter. Bank of New York Mellon Corp lifted its position in 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 last quarter. Parallel Advisors LLC boosted its stake in iShares Flexible Income Active ETF by 8.3% in the first quarter. Parallel Advisors LLC now owns 642,004 shares of the company’s stock worth $33,339,000 after buying an additional 49,130 shares in the last quarter. Finally, Shah Wealth Advisors LLC purchased a new stake in iShares Flexible Income Active ETF in the second quarter worth approximately $26,624,000.

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.