iShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 107,882 shares, a drop of 94.8% from the September 30th total of 2,078,481 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,112,807 shares, the short-interest ratio is currently 0.0 days.
iShares Flexible Income Active ETF Price Performance
Shares of NYSEARCA:BINC traded up $0.01 during trading on Monday, hitting $50.67. 2,110,252 shares of the stock were exchanged, compared to its average volume of 2,392,300. iShares Flexible Income Active ETF has a 1-year low of $50.43 and a 1-year high of $53.51. The company’s fifty day simple moving average is $51.25 and its 200-day simple moving average is $52.10.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strive Financial Group LLC bought a new stake in shares of iShares Flexible Income Active ETF in the 2nd quarter worth about $33,000. XP Advisory US Inc. acquired a new stake in iShares Flexible Income Active ETF in the second quarter worth about $36,000. YANKCOM Partnership acquired a new stake in shares of iShares Flexible Income Active ETF during the 3rd quarter worth approximately $41,000. Bartlett & CO. Wealth Management LLC acquired a new stake in iShares Flexible Income Active ETF during the 1st quarter worth $43,000. Finally, Anchor Investment Management LLC bought a new stake in iShares Flexible Income Active ETF in the first quarter valued at about $52,000.
iShares Flexible Income Active ETF Company Profile
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.
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