iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Up 35.5% in October

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 801,600 shares, a growth of 35.5% from the September 30th total of 591,500 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,905,700 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 1,905,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in iShares Flexible Income Active ETF by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 10,806,066 shares of the company’s stock valued at $570,993,000 after buying an additional 97,669 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares Flexible Income Active ETF by 39.5% in the 1st quarter. Ameriprise Financial Inc. now owns 4,388,476 shares of the company’s stock worth $229,853,000 after purchasing an additional 1,243,383 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of iShares Flexible Income Active ETF by 6.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,384,120 shares of the company’s stock worth $73,137,000 after purchasing an additional 81,337 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of iShares Flexible Income Active ETF by 120.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,197,517 shares of the company’s stock worth $62,726,000 after purchasing an additional 655,433 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of iShares Flexible Income Active ETF by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,149,509 shares of the company’s stock worth $60,740,000 after purchasing an additional 90,210 shares in the last quarter.

iShares Flexible Income Active ETF Stock Up 0.0%

NYSEARCA:BINC traded up $0.02 during trading hours on Tuesday, reaching $53.03. 1,856,952 shares of the company traded hands, compared to its average volume of 1,525,206. The business’s 50-day moving average price is $53.20 and its two-hundred day moving average price is $52.70. iShares Flexible Income Active ETF has a 1 year low of $50.84 and a 1 year high of $53.51.

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.