Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Drops By 61.3%

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 605,862 shares, a drop of 61.3% from the July 30th total of 1,566,582 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,866,620 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BINC. Elyxium Wealth LLC purchased a new stake in shares of iShares Flexible Income Active ETF during the 4th quarter valued at $25,000. Strive Financial Group LLC acquired a new stake in iShares Flexible Income Active ETF in the 2nd quarter worth approximately $33,000. Curio Wealth LLC grew its position in iShares Flexible Income Active ETF by 577.0% during the 4th quarter. Curio Wealth LLC now owns 677 shares of the company’s stock worth $36,000 after purchasing an additional 577 shares during the last quarter. XP Advisory US Inc. acquired a new position in iShares Flexible Income Active ETF during the 2nd quarter valued at approximately $36,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of iShares Flexible Income Active ETF in the first quarter worth $43,000.

iShares Flexible Income Active ETF Stock Performance

NYSEARCA:BINC traded down $0.11 during mid-day trading on Friday, hitting $51.96. 4,367,251 shares of the stock traded hands, compared to its average volume of 2,343,642. The firm’s 50 day moving average is $52.08 and its two-hundred day moving average is $52.26. iShares Flexible Income Active ETF has a 52 week low of $51.60 and a 52 week 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.