iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Significant Decline in Short Interest

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 228,219 shares, a drop of 83.2% from the November 30th total of 1,355,658 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,811,281 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 1,811,281 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in shares of iShares Flexible Income Active ETF by 57.6% during the third quarter. Ameriprise Financial Inc. now owns 6,808,502 shares of the company’s stock valued at $362,437,000 after buying an additional 2,489,130 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in iShares Flexible Income Active ETF by 120.9% in the first quarter. Integrated Wealth Concepts LLC now owns 1,197,517 shares of the company’s stock valued at $62,726,000 after acquiring an additional 655,433 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Flexible Income Active ETF by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 11,296,259 shares of the company’s stock valued at $601,413,000 after acquiring an additional 490,193 shares in the last quarter. Parallel Advisors LLC increased its position in iShares Flexible Income Active ETF by 50.0% during the 3rd quarter. Parallel Advisors LLC now owns 511,503 shares of the company’s stock valued at $27,232,000 after purchasing an additional 170,583 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of iShares Flexible Income Active ETF by 17.0% in the 3rd quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock worth $52,934,000 after purchasing an additional 144,239 shares during the period.

iShares Flexible Income Active ETF Stock Performance

Shares of NYSEARCA:BINC traded up $0.09 during midday trading on Thursday, hitting $52.75. 1,278,397 shares of the stock traded hands, compared to its average volume of 1,554,456. The business’s 50 day moving average is $53.10 and its two-hundred day moving average is $52.94. iShares Flexible Income Active ETF has a one year low of $50.84 and a one year high of $53.51.

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.