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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 35,634 shares, a decrease of 50.7% from the May 31st total of 72,279 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,922,855 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted 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 in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Flexible Income Active ETF by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock valued at $651,418,000 after acquiring an additional 1,048,214 shares in the last quarter. Parallel Advisors LLC increased its holdings in iShares Flexible Income Active ETF by 50.0% in 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 last quarter. NewEdge Advisors LLC increased its holdings in 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 valued at $52,934,000 after acquiring an additional 144,239 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in 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 Trading Up 0.1%

iShares Flexible Income Active ETF stock traded up $0.05 during mid-day trading on Thursday, hitting $52.17. The stock had a trading volume of 764,879 shares, compared to its average volume of 2,515,625. The firm’s 50 day moving average is $52.24 and its 200 day moving average is $52.52. iShares Flexible Income Active ETF has a one year low of $51.60 and a one 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.