Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Decreases By 91.3%

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 72,279 shares, a drop of 91.3% from the May 14th total of 833,490 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 5,894,574 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of 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 worth $651,418,000 after buying an additional 1,048,214 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares Flexible Income Active ETF by 57.6% in the 3rd 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 during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of iShares Flexible Income Active ETF by 4.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock worth $83,359,000 after buying an additional 65,625 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of iShares Flexible Income Active ETF by 9.9% in the 4th 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 during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of 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 worth $52,934,000 after buying an additional 144,239 shares during the last quarter.

iShares Flexible Income Active ETF Stock Performance

Shares of BINC stock traded up $0.08 on Tuesday, reaching $52.04. The stock had a trading volume of 1,635,250 shares, compared to its average volume of 2,633,295. iShares Flexible Income Active ETF has a 1 year low of $51.60 and a 1 year high of $53.51. The company has a 50 day simple moving average of $52.20 and a 200 day simple moving average of $52.61.

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.