iShares Flexible Income Active ETF (NYSEARCA:BINC) Sees Large Growth in Short Interest

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 833,490 shares, a growth of 121.1% from the April 30th total of 376,985 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 2,188,305 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of iShares Flexible Income Active ETF

Institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new stake in shares of iShares Flexible Income Active ETF during the 4th quarter valued at $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Flexible Income Active ETF during the 4th quarter valued at $30,000. Canton Hathaway LLC purchased a new stake in shares of iShares Flexible Income Active ETF during the 4th quarter valued at $32,000. Curio Wealth LLC grew its stake in shares of iShares Flexible Income Active ETF by 577.0% during the 4th quarter. Curio Wealth LLC now owns 677 shares of the company’s stock valued at $36,000 after buying an additional 577 shares during the period. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of iShares Flexible Income Active ETF during the 4th quarter valued at $40,000.

iShares Flexible Income Active ETF Stock Up 0.1%

BINC stock traded up $0.07 during midday trading on Friday, hitting $52.37. The stock had a trading volume of 5,726,209 shares, compared to its average volume of 2,682,585. iShares Flexible Income Active ETF has a 12-month low of $51.60 and a 12-month high of $53.51. The company’s 50-day moving average price is $52.16 and its 200 day moving average price is $52.66.

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.