iShares Flexible Income Active ETF (NYSEARCA:BINC) Stock Short Interest Jumps 2,547.6%

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,856,245 shares, a growth of 2,547.6% from the October 15th total of 107,882 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,868,660 shares, the short-interest ratio is currently 1.0 days.

iShares Flexible Income Active ETF Stock Performance

Shares of BINC traded down $0.15 during trading hours on Tuesday, reaching $50.75. 2,127,710 shares of the company’s stock traded hands, compared to its average volume of 2,410,390. iShares Flexible Income Active ETF has a 12 month low of $50.43 and a 12 month high of $53.42. The firm’s 50 day simple moving average is $50.94 and its 200-day simple moving average is $51.97.

Institutional Trading of iShares Flexible Income Active ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strive Financial Group LLC purchased a new position in iShares Flexible Income Active ETF in the second quarter worth $33,000. XP Advisory US Inc. purchased a new stake in iShares Flexible Income Active ETF during the second quarter valued at about $36,000. YANKCOM Partnership purchased a new stake in iShares Flexible Income Active ETF during the third quarter valued at about $41,000. Bartlett & CO. Wealth Management LLC purchased a new stake in iShares Flexible Income Active ETF during the first quarter valued at about $43,000. Finally, Rothschild Investment LLC bought a new stake in iShares Flexible Income Active ETF during the third quarter worth about $51,000.

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.