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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 35,634 shares, a decline of 50.7% from the May 31st total of 72,279 shares. Based on an average daily trading volume, of 1,922,855 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

iShares Flexible Income Active ETF Trading Down 0.1%

Shares of NYSEARCA:BINC traded down $0.03 during trading on Tuesday, hitting $52.41. 603,457 shares of the company were exchanged, compared to its average volume of 2,513,369. The stock has a 50 day moving average of $52.26 and a 200 day moving average of $52.53. iShares Flexible Income Active ETF has a 52-week low of $51.60 and a 52-week high of $53.51.

Institutional Trading of iShares Flexible Income Active ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BINC. JPMorgan Chase & Co. lifted its holdings in iShares Flexible Income Active ETF by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 12,344,473 shares of the company’s stock worth $651,418,000 after purchasing an additional 1,048,214 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares Flexible Income Active ETF by 57.6% during the third quarter. Ameriprise Financial Inc. now owns 6,808,502 shares of the company’s stock valued at $362,437,000 after buying an additional 2,489,130 shares during the period. Janney Montgomery Scott LLC increased its position in shares of iShares Flexible Income Active ETF by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,579,659 shares of the company’s stock valued at $83,359,000 after buying an additional 65,625 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of iShares Flexible Income Active ETF by 9.9% in the fourth 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 in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of iShares Flexible Income Active ETF by 17.0% in the third 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 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.