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

by · The Cerbat Gem

iShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 413,848 shares, an increase of 81.3% from the December 15th total of 228,219 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,745,522 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 1,745,522 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

iShares Flexible Income Active ETF Stock Down 0.0%

NYSEARCA:BINC traded down $0.02 on Thursday, reaching $53.01. 5,371,938 shares of the stock traded hands, compared to its average volume of 2,471,974. iShares Flexible Income Active ETF has a 12 month low of $50.84 and a 12 month high of $53.51. The company’s fifty day simple moving average is $52.97 and its 200 day simple moving average is $52.98.

Hedge Funds Weigh In On iShares Flexible Income Active ETF

A number of hedge funds have recently added to or reduced their stakes in BINC. MassMutual Private Wealth & Trust FSB lifted its holdings in iShares Flexible Income Active ETF by 17.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,263 shares of the company’s stock valued at $120,000 after acquiring an additional 328 shares during the period. AdvisorNet Financial Inc increased its position in shares of iShares Flexible Income Active ETF by 5.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,831 shares of the company’s stock valued at $255,000 after purchasing an additional 271 shares during the last quarter. ORG Partners LLC lifted its stake in shares of iShares Flexible Income Active ETF by 195.6% in the 2nd quarter. ORG Partners LLC now owns 5,377 shares of the company’s stock worth $283,000 after purchasing an additional 3,558 shares during the period. Sound Income Strategies LLC lifted its stake in shares of iShares Flexible Income Active ETF by 547.6% in the 2nd quarter. Sound Income Strategies LLC now owns 1,632 shares of the company’s stock worth $86,000 after purchasing an additional 1,380 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of iShares Flexible Income Active ETF by 6.2% in the second quarter. Janney Montgomery Scott LLC now owns 1,384,120 shares of the company’s stock worth $73,137,000 after buying an additional 81,337 shares during the last quarter.

About iShares Flexible Income Active ETF

(Get Free Report)

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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