iShares Flexible Income Active ETF (NYSEARCA:BINC) Shares Shorted: Short Interest Up 448.5% in September

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,078,481 shares, an increase of 448.5% from the September 15th total of 378,944 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 2,718,142 shares, the short-interest ratio is presently 0.8 days.

iShares Flexible Income Active ETF Trading Up 0.1%

Shares of BINC stock traded up $0.04 on Friday, hitting $50.69. The company’s stock had a trading volume of 1,808,866 shares, compared to its average volume of 2,375,038. iShares Flexible Income Active ETF has a fifty-two week low of $50.43 and a fifty-two week high of $53.51. The stock’s 50 day moving average is $51.50 and its 200-day moving average is $51.93.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Large investors have recently modified their holdings of the business. Parallel Advisors LLC increased its position in shares of 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 buying an additional 49,130 shares during the period. Shah Wealth Advisors LLC bought a new stake in shares of iShares Flexible Income Active ETF in the 2nd quarter valued at $26,624,000. Global Wealth Strategies & Associates boosted its stake in iShares Flexible Income Active ETF by 8.0% during the second quarter. Global Wealth Strategies & Associates now owns 267,361 shares of the company’s stock worth $13,994,000 after acquiring an additional 19,831 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in iShares Flexible Income Active ETF by 11.5% in the fourth quarter. Icon Wealth Advisors LLC now owns 233,129 shares of the company’s stock worth $12,302,000 after purchasing an additional 23,959 shares during the period. Finally, First National Bank & Trust Co. of Newtown raised its holdings in shares of 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 valued at $7,794,000 after purchasing an additional 62,820 shares during the period.

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.