Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Decreases By 33.7%

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 401,736 shares, a decrease of 33.7% from the August 15th total of 605,862 shares. Based on an average daily volume of 2,341,388 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

iShares Flexible Income Active ETF Price Performance

Shares of BINC stock traded up $0.12 on Thursday, hitting $51.30. 927,400 shares of the company’s stock traded hands, compared to its average volume of 2,305,104. The company’s fifty day simple moving average is $51.88 and its 200 day simple moving average is $52.10. iShares Flexible Income Active ETF has a one year low of $51.13 and a one year high of $53.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BINC. JPMorgan Chase & Co. increased its holdings in shares of iShares Flexible Income Active ETF by 9.3% in the fourth quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock worth $651,418,000 after buying an additional 1,048,214 shares during the period. Janney Montgomery Scott LLC boosted its holdings 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 acquiring an additional 65,625 shares during the period. Bank of New York Mellon Corp boosted its holdings in iShares Flexible Income Active ETF by 9.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock valued at $78,229,000 after acquiring an additional 133,224 shares during the period. Parallel Advisors LLC grew its position in iShares Flexible Income Active ETF by 8.3% during the 1st quarter. Parallel Advisors LLC now owns 642,004 shares of the company’s stock worth $33,339,000 after acquiring an additional 49,130 shares during the last quarter. Finally, Shah Wealth Advisors LLC bought a new position in iShares Flexible Income Active ETF during the 2nd quarter worth approximately $26,624,000.

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.