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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 2,856,245 shares, a growth of 2,547.6% from the October 15th total of 107,882 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 2,868,660 shares, the days-to-cover ratio is currently 1.0 days.

iShares Flexible Income Active ETF Stock Performance

Shares of BINC stock traded up $0.01 during mid-day trading on Wednesday, hitting $50.77. 2,916,894 shares of the stock traded hands, compared to its average volume of 2,411,161. iShares Flexible Income Active ETF has a 52-week low of $50.43 and a 52-week high of $53.42. The stock’s fifty day moving average is $50.94 and its two-hundred day moving average is $51.97.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in iShares Flexible Income Active ETF in the third quarter worth $51,000. First National Bank & Trust Co. of Newtown lifted its holdings in shares of iShares Flexible Income Active ETF by 10.5% during the 3rd quarter. First National Bank & Trust Co. of Newtown now owns 192,007 shares of the company’s stock valued at $9,756,000 after purchasing an additional 18,242 shares during the last quarter. Western Wealth Management LLC lifted its holdings in shares of iShares Flexible Income Active ETF by 93.4% during the 3rd quarter. Western Wealth Management LLC now owns 60,071 shares of the company’s stock valued at $3,051,000 after purchasing an additional 29,009 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of iShares Flexible Income Active ETF by 784.3% in the 3rd quarter. Bessemer Group Inc. now owns 17,686 shares of the company’s stock worth $898,000 after purchasing an additional 15,686 shares in the last quarter. Finally, Shah Wealth Advisors LLC boosted its position in shares of iShares Flexible Income Active ETF by 14.3% in the 3rd quarter. Shah Wealth Advisors LLC now owns 581,612 shares of the company’s stock worth $29,540,000 after purchasing an additional 72,929 shares in the last quarter.

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.