iShares Flexible Income Active ETF (NYSEARCA:BINC) Stock Short Interest Report for September

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 2,078,481 shares, a growth of 448.5% from the September 15th total of 378,944 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 2,718,142 shares, the days-to-cover ratio is currently 0.8 days.

iShares Flexible Income Active ETF Stock Up 0.1%

Shares of NYSEARCA BINC traded up $0.04 during mid-day trading on Friday, reaching $50.69. 1,808,866 shares of the company’s stock traded hands, compared to its average volume of 2,375,038. iShares Flexible Income Active ETF has a 1-year low of $50.43 and a 1-year high of $53.51. The business has a 50-day simple moving average of $51.50 and a 200 day simple moving average of $51.93.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

A number of hedge funds have recently bought and sold shares of the company. XP Advisory US Inc. purchased a new position in shares of iShares Flexible Income Active ETF in the 2nd quarter worth approximately $36,000. Shah Wealth Advisors LLC bought a new stake in shares of iShares Flexible Income Active ETF during the 2nd quarter worth $26,624,000. Strive Financial Group LLC purchased a new position in shares of iShares Flexible Income Active ETF in the 2nd quarter worth about $33,000. Aventus Investment Advisors Inc. grew its position in shares of iShares Flexible Income Active ETF by 706.2% during the 2nd quarter. Aventus Investment Advisors Inc. now owns 22,985 shares of the company’s stock valued at $1,203,000 after acquiring an additional 20,134 shares during the period. Finally, Trust Co. of Vermont bought a new stake in shares of iShares Flexible Income Active ETF in the 2nd quarter worth approximately $98,000.

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.