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

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,566,582 shares, a growth of 68.2% from the July 15th total of 931,313 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,354,390 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of iShares Flexible Income Active ETF

Several institutional investors have recently bought and sold shares of the company. Cedar Mountain Advisors LLC raised its holdings in iShares Flexible Income Active ETF by 0.3% in the first quarter. Cedar Mountain Advisors LLC now owns 126,378 shares of the company’s stock worth $6,563,000 after buying an additional 320 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in shares of iShares Flexible Income Active ETF by 4.1% during the first quarter. Fiduciary Alliance LLC now owns 8,171 shares of the company’s stock valued at $428,000 after buying an additional 321 shares during the last quarter. Western Wealth Management LLC increased its position in shares of iShares Flexible Income Active ETF by 2.0% during the fourth quarter. Western Wealth Management LLC now owns 20,210 shares of the company’s stock valued at $1,066,000 after acquiring an additional 401 shares in the last quarter. Ashton Thomas Securities LLC increased its position in shares of iShares Flexible Income Active ETF by 1.0% during the fourth quarter. Ashton Thomas Securities LLC now owns 48,170 shares of the company’s stock valued at $2,536,000 after acquiring an additional 466 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in iShares Flexible Income Active ETF in the 4th quarter worth approximately $25,000.

iShares Flexible Income Active ETF Price Performance

BINC stock remained flat at $51.97 on Tuesday. The company had a trading volume of 1,036,521 shares, compared to its average volume of 2,326,529. The firm’s 50 day simple moving average is $52.11 and its two-hundred day simple moving average is $52.32. 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.