iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Update

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 910,444 shares, a drop of 46.9% from the January 15th total of 1,713,371 shares. Based on an average daily trading volume, of 1,864,842 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,864,842 shares, the short-interest ratio is presently 0.5 days.

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 the business. Ameriprise Financial Inc. boosted its holdings in shares of iShares Flexible Income Active ETF by 57.6% in the third quarter. Ameriprise Financial Inc. now owns 6,808,502 shares of the company’s stock worth $362,437,000 after buying an additional 2,489,130 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Flexible Income Active ETF by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock worth $651,418,000 after acquiring an additional 1,048,214 shares during the last quarter. Parallel Advisors LLC grew its position in shares of iShares Flexible Income Active ETF by 50.0% during the 3rd quarter. Parallel Advisors LLC now owns 511,503 shares of the company’s stock valued at $27,232,000 after acquiring an additional 170,583 shares during the period. NewEdge Advisors LLC increased its stake in shares of iShares Flexible Income Active ETF by 17.0% in the 3rd quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock worth $52,934,000 after purchasing an additional 144,239 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of iShares Flexible Income Active ETF by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 321,728 shares of the company’s stock worth $16,978,000 after purchasing an additional 136,183 shares in the last quarter.

iShares Flexible Income Active ETF Stock Up 0.1%

Shares of BINC traded up $0.06 during mid-day trading on Friday, hitting $53.17. 1,514,302 shares of the company traded hands, compared to its average volume of 2,165,097. The stock has a 50-day moving average price of $52.93 and a two-hundred day moving average price of $53.04. iShares Flexible Income Active ETF has a 1 year low of $50.84 and a 1 year high of $53.51.

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.