Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Increases By 1,156.7%

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 447,829 shares, a growth of 1,156.7% from the June 15th total of 35,634 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,744,854 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new position in iShares Flexible Income Active ETF in the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new position in iShares Flexible Income Active ETF during the fourth quarter worth about $30,000. Canton Hathaway LLC bought a new stake in iShares Flexible Income Active ETF in the 4th quarter worth about $32,000. Curio Wealth LLC grew its holdings in shares of iShares Flexible Income Active ETF by 577.0% in the fourth quarter. Curio Wealth LLC now owns 677 shares of the company’s stock valued at $36,000 after acquiring an additional 577 shares in the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in iShares Flexible Income Active ETF in the 4th quarter valued at $40,000.

iShares Flexible Income Active ETF Stock Performance

iShares Flexible Income Active ETF stock traded up $0.07 during midday trading on Friday, reaching $52.18. The stock had a trading volume of 1,246,248 shares, compared to its average volume of 2,476,913. The company has a fifty day moving average price of $52.21 and a two-hundred day moving average price of $52.48. iShares Flexible Income Active ETF has a 12 month low of $51.60 and a 12 month 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.