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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 17,397 shares, a decline of 98.7% from the February 26th total of 1,385,131 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,014,518 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 4,014,518 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

iShares Flexible Income Active ETF Trading Down 0.2%

Shares of NYSEARCA BINC traded down $0.11 during trading hours on Tuesday, hitting $51.79. The stock had a trading volume of 2,484,179 shares, compared to its average volume of 2,559,182. The firm’s 50-day moving average price is $52.81 and its two-hundred day moving average price is $52.99. iShares Flexible Income Active ETF has a 52 week low of $50.84 and a 52 week high of $53.51.

Institutional Trading of iShares Flexible Income Active ETF

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of iShares Flexible Income Active ETF by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,806,066 shares of the company’s stock valued at $570,993,000 after purchasing an additional 97,669 shares in the last quarter. Maripau Wealth Management LLC boosted its holdings in iShares Flexible Income Active ETF by 5.6% in the second quarter. Maripau Wealth Management LLC now owns 12,951 shares of the company’s stock worth $684,000 after purchasing an additional 689 shares in the last quarter. Twin Peaks Wealth Advisors LLC boosted its holdings in iShares Flexible Income Active ETF by 4.1% in the second quarter. Twin Peaks Wealth Advisors LLC now owns 20,636 shares of the company’s stock worth $1,091,000 after purchasing an additional 817 shares in the last quarter. Hurley Capital LLC increased its position in iShares Flexible Income Active ETF by 893.5% during the second quarter. Hurley Capital LLC now owns 24,461 shares of the company’s stock worth $1,293,000 after buying an additional 21,999 shares during the last quarter. Finally, Redwood Investment Management LLC increased its position in iShares Flexible Income Active ETF by 11.3% during the second quarter. Redwood Investment Management LLC now owns 24,124 shares of the company’s stock worth $1,275,000 after buying an additional 2,442 shares during the last quarter.

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.