iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Down 91.3% in May

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 72,279 shares, a decline of 91.3% from the May 14th total of 833,490 shares. Based on an average daily volume of 5,894,574 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

iShares Flexible Income Active ETF Price Performance

Shares of BINC traded down $0.01 on Wednesday, hitting $52.03. The company’s stock had a trading volume of 1,216,371 shares, compared to its average volume of 2,619,970. The firm’s fifty day moving average price is $52.20 and its 200-day moving average price is $52.61. iShares Flexible Income Active ETF has a fifty-two week low of $51.60 and a fifty-two week high of $53.51.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Elyxium Wealth LLC acquired a new position in iShares Flexible Income Active ETF during the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in iShares Flexible Income Active ETF during the 4th quarter worth approximately $30,000. Canton Hathaway LLC acquired a new position in iShares Flexible Income Active ETF during the 4th quarter worth approximately $32,000. Curio Wealth LLC boosted its position in iShares Flexible Income Active ETF by 577.0% during the 4th quarter. Curio Wealth LLC now owns 677 shares of the company’s stock worth $36,000 after acquiring an additional 577 shares during the last quarter. Finally, Proathlete Wealth Management LLC acquired a new position in iShares Flexible Income Active ETF during the 4th quarter worth approximately $40,000.

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.