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

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 107,882 shares, a decrease of 94.8% from the September 30th total of 2,078,481 shares. Based on an average daily volume of 3,112,807 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in iShares Flexible Income Active ETF by 8.3% during the first quarter. Parallel Advisors LLC now owns 642,004 shares of the company’s stock worth $33,339,000 after purchasing an additional 49,130 shares during the period. Shah Wealth Advisors LLC acquired a new position in iShares Flexible Income Active ETF in the 2nd quarter valued at $26,624,000. Global Wealth Strategies & Associates raised its holdings in iShares Flexible Income Active ETF by 8.0% in the 2nd quarter. Global Wealth Strategies & Associates now owns 267,361 shares of the company’s stock worth $13,994,000 after acquiring an additional 19,831 shares during the period. First National Bank & Trust Co. of Newtown raised its holdings in iShares Flexible Income Active ETF by 72.0% in the 1st quarter. First National Bank & Trust Co. of Newtown now owns 150,080 shares of the company’s stock worth $7,794,000 after acquiring an additional 62,820 shares during the period. Finally, Cedar Mountain Advisors LLC lifted its position in iShares Flexible Income Active ETF by 2.1% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 129,010 shares of the company’s stock worth $6,752,000 after acquiring an additional 2,632 shares during the last quarter.

iShares Flexible Income Active ETF Stock Up 0.0%

Shares of iShares Flexible Income Active ETF stock traded up $0.01 during midday trading on Wednesday, reaching $50.70. 1,845,478 shares of the company’s stock traded hands, compared to its average volume of 2,391,852. iShares Flexible Income Active ETF has a 52 week low of $50.43 and a 52 week high of $53.51. The company’s 50 day simple moving average is $51.19 and its 200 day simple moving average is $52.08.

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.