Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Rises By 151.1%

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,385,131 shares, an increase of 151.1% from the February 12th total of 551,520 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,944,321 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 1,944,321 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BINC. Elyxium Wealth LLC bought a new position in iShares Flexible Income Active ETF during the 4th quarter valued at $25,000. Trust Co. of Vermont bought a new stake in shares of iShares Flexible Income Active ETF in the 3rd quarter worth $28,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares Flexible Income Active ETF in the 4th quarter worth $30,000. Canton Hathaway LLC acquired a new stake in shares of iShares Flexible Income Active ETF in the fourth quarter valued at $32,000. Finally, Curio Wealth LLC lifted its holdings in shares of iShares Flexible Income Active ETF by 577.0% in the fourth quarter. Curio Wealth LLC now owns 677 shares of the company’s stock valued at $36,000 after buying an additional 577 shares during the period.

iShares Flexible Income Active ETF Stock Down 0.2%

Shares of BINC stock traded down $0.12 during midday trading on Friday, reaching $52.02. 4,106,398 shares of the company were exchanged, compared to its average volume of 2,501,926. The company’s 50 day moving average price is $52.95 and its two-hundred day moving average price is $53.05. iShares Flexible Income Active ETF has a 12 month low of $50.84 and a 12 month 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.