Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Increases By 108.0%

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 931,313 shares, an increase of 108.0% from the June 30th total of 447,829 shares. Based on an average daily trading volume, of 1,608,818 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

iShares Flexible Income Active ETF Stock Up 0.2%

Shares of iShares Flexible Income Active ETF stock traded up $0.11 during trading on Thursday, hitting $52.03. The company’s stock had a trading volume of 1,203,046 shares, compared to its average volume of 2,381,658. The company has a fifty day simple moving average of $52.16 and a two-hundred day simple moving average of $52.40. iShares Flexible Income Active ETF has a 52 week low of $51.60 and a 52 week high of $53.51.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of iShares Flexible Income Active ETF by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock valued at $651,418,000 after purchasing an additional 1,048,214 shares during the last quarter. Janney Montgomery Scott LLC increased its position in iShares Flexible Income Active ETF by 4.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock valued at $83,359,000 after buying an additional 65,625 shares in the last quarter. Bank of New York Mellon Corp raised its stake in iShares Flexible Income Active ETF by 9.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock valued at $78,229,000 after buying an additional 133,224 shares during the last quarter. NewEdge Advisors LLC raised its stake in iShares Flexible Income Active ETF by 17.0% during the third quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock valued at $52,934,000 after buying an additional 144,239 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its holdings in iShares Flexible Income Active ETF by 13.0% in the third quarter. United Capital Financial Advisors LLC now owns 937,094 shares of the company’s stock worth $49,891,000 after acquiring an additional 108,135 shares in the last quarter.

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.