Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Declines By 61.3%

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 605,862 shares, a drop of 61.3% from the July 30th total of 1,566,582 shares. Based on an average daily trading volume, of 1,866,620 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of BINC. Janney Montgomery Scott LLC increased its holdings in shares of iShares Flexible Income Active ETF by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock valued at $83,359,000 after acquiring an additional 65,625 shares in the last quarter. Rollins Financial Advisors LLC raised its position in shares of iShares Flexible Income Active ETF by 23.0% in the 4th quarter. Rollins Financial Advisors LLC now owns 103,578 shares of the company’s stock valued at $5,466,000 after purchasing an additional 19,347 shares during the last quarter. Tsfg LLC boosted its stake in iShares Flexible Income Active ETF by 10.9% in the 4th quarter. Tsfg LLC now owns 147,465 shares of the company’s stock worth $7,782,000 after purchasing an additional 14,457 shares in the last quarter. Mosley Wealth Management purchased a new stake in iShares Flexible Income Active ETF during the 4th quarter worth approximately $1,642,000. Finally, L & S Advisors Inc grew its position in iShares Flexible Income Active ETF by 139.3% during the 4th quarter. L & S Advisors Inc now owns 68,195 shares of the company’s stock worth $3,599,000 after purchasing an additional 39,695 shares during the last quarter.

iShares Flexible Income Active ETF Stock Down 0.2%

Shares of iShares Flexible Income Active ETF stock traded down $0.11 on Friday, reaching $51.96. The stock had a trading volume of 4,190,307 shares, compared to its average volume of 2,341,931. The company has a 50 day moving average price of $52.09 and a 200 day moving average price of $52.27. iShares Flexible Income Active ETF has a 1 year low of $51.60 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. BINC was launched on May 19, 2023 and is managed by BlackRock.