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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 931,313 shares, an increase of 108.0% from the June 30th total of 447,829 shares. Based on an average daily volume of 1,608,818 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in iShares Flexible Income Active ETF by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock valued at $651,418,000 after purchasing an additional 1,048,214 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in iShares Flexible Income Active ETF by 4.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock worth $83,359,000 after purchasing an additional 65,625 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares Flexible Income Active ETF by 9.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,482,450 shares of the company’s stock worth $78,229,000 after buying an additional 133,224 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of iShares Flexible Income Active ETF by 17.0% during the third quarter. NewEdge Advisors LLC now owns 994,255 shares of the company’s stock worth $52,934,000 after buying an additional 144,239 shares in the last quarter. Finally, United Capital Financial Advisors LLC raised its position in shares of iShares Flexible Income Active ETF by 13.0% in the third quarter. United Capital Financial Advisors LLC now owns 937,094 shares of the company’s stock valued at $49,891,000 after buying an additional 108,135 shares during the last quarter.

iShares Flexible Income Active ETF Stock Up 0.2%

Shares of iShares Flexible Income Active ETF stock opened at $52.03 on Friday. iShares Flexible Income Active ETF has a twelve month low of $51.60 and a twelve month high of $53.51. The firm’s 50-day moving average price is $52.16 and its 200 day moving average price is $52.40.

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.