iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Large Growth in Short Interest

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 413,848 shares, a growth of 81.3% from the December 15th total of 228,219 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,745,522 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 1,745,522 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

iShares Flexible Income Active ETF Stock Performance

NYSEARCA BINC traded down $0.02 during trading on Thursday, hitting $53.01. 5,371,938 shares of the company’s stock traded hands, compared to its average volume of 2,471,974. The stock has a fifty day moving average of $52.97 and a two-hundred day moving average of $52.98. iShares Flexible Income Active ETF has a 12-month low of $50.84 and a 12-month high of $53.51.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont purchased a new position in iShares Flexible Income Active ETF during the 3rd quarter valued at $28,000. Bessemer Group Inc. bought a new stake in shares of iShares Flexible Income Active ETF during the 3rd quarter valued at about $53,000. Imprint Wealth LLC purchased a new position in shares of iShares Flexible Income Active ETF during the third quarter valued at about $74,000. Sound Income Strategies LLC increased its position in shares of iShares Flexible Income Active ETF by 547.6% during the second quarter. Sound Income Strategies LLC now owns 1,632 shares of the company’s stock valued at $86,000 after buying an additional 1,380 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in iShares Flexible Income Active ETF by 17.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,263 shares of the company’s stock worth $120,000 after buying an additional 328 shares in 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.