Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Rises By 68.2%

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,566,582 shares, an increase of 68.2% from the July 15th total of 931,313 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 1,354,390 shares, the days-to-cover ratio is currently 1.2 days.

iShares Flexible Income Active ETF Stock Performance

NYSEARCA:BINC opened at $51.96 on Wednesday. The stock’s fifty day moving average is $52.11 and its 200 day moving average is $52.31. iShares Flexible Income Active ETF has a fifty-two week low of $51.60 and a fifty-two week high of $53.51.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BINC. Janney Montgomery Scott LLC grew its stake in shares of iShares Flexible Income Active ETF by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock valued at $83,359,000 after buying an additional 65,625 shares during the last quarter. Rollins Financial Advisors LLC lifted its stake in shares of iShares Flexible Income Active ETF by 23.0% during the 4th quarter. Rollins Financial Advisors LLC now owns 103,578 shares of the company’s stock worth $5,466,000 after acquiring an additional 19,347 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in iShares Flexible Income Active ETF during the 4th quarter valued at $569,000. Tsfg LLC boosted its holdings in iShares Flexible Income Active ETF by 10.9% during the 4th quarter. Tsfg LLC now owns 147,465 shares of the company’s stock valued at $7,782,000 after acquiring an additional 14,457 shares during the period. Finally, Mosley Wealth Management bought a new position in iShares Flexible Income Active ETF in the 4th quarter valued at $1,642,000.

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.