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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 228,219 shares, a decline of 83.2% from the November 30th total of 1,355,658 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,811,281 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,811,281 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

iShares Flexible Income Active ETF Trading Up 0.2%

Shares of BINC stock traded up $0.09 on Thursday, reaching $52.75. The company’s stock had a trading volume of 1,278,397 shares, compared to its average volume of 1,554,456. iShares Flexible Income Active ETF has a 12-month low of $50.84 and a 12-month high of $53.51. The stock’s 50 day simple moving average is $53.10 and its 200-day simple moving average is $52.94.

Institutional Trading of iShares Flexible Income Active ETF

A number of large investors have recently modified their holdings of the business. Trust Co. of Vermont bought a new position in shares of iShares Flexible Income Active ETF in the third quarter worth approximately $28,000. Bessemer Group Inc. purchased a new position in iShares Flexible Income Active ETF in the 3rd quarter worth approximately $53,000. Imprint Wealth LLC purchased a new position in iShares Flexible Income Active ETF in the 3rd quarter worth approximately $74,000. Sound Income Strategies LLC increased its holdings in shares of iShares Flexible Income Active ETF by 547.6% in the 2nd quarter. Sound Income Strategies LLC now owns 1,632 shares of the company’s stock worth $86,000 after buying an additional 1,380 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of iShares Flexible Income Active ETF by 17.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,263 shares of the company’s stock valued at $120,000 after buying an additional 328 shares in the last quarter.

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.