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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 833,490 shares, a growth of 121.1% from the April 30th total of 376,985 shares. Based on an average trading volume of 2,188,305 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of iShares Flexible Income Active ETF

Large investors have recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in shares of iShares Flexible Income Active ETF during the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares Flexible Income Active ETF in the 4th quarter valued at $30,000. Canton Hathaway LLC acquired a new stake in shares of iShares Flexible Income Active ETF in the 4th quarter valued at $32,000. Curio Wealth LLC raised its holdings in shares of iShares Flexible Income Active ETF by 577.0% in the 4th quarter. Curio Wealth LLC now owns 677 shares of the company’s stock valued at $36,000 after purchasing an additional 577 shares in the last quarter. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of iShares Flexible Income Active ETF in the 4th quarter valued at $40,000.

iShares Flexible Income Active ETF Stock Down 0.5%

Shares of iShares Flexible Income Active ETF stock traded down $0.25 during trading hours on Monday, reaching $52.12. 2,351,959 shares of the company were exchanged, compared to its average volume of 2,679,376. iShares Flexible Income Active ETF has a 1 year low of $51.60 and a 1 year high of $53.51. The stock’s fifty day moving average is $52.16 and its 200 day moving average is $52.65.

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.