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

iShares Flexible Income Active ETF (NYSEARCA:BINC) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 591,500 shares, a decline of 57.8% from the September 15th total of 1,400,000 shares. Based on an average daily volume of 1,872,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 1,872,800 shares, the days-to-cover ratio is currently 0.3 days.

iShares Flexible Income Active ETF Stock Performance

NYSEARCA BINC opened at $53.23 on Friday. iShares Flexible Income Active ETF has a twelve month low of $50.84 and a twelve month high of $53.48. The stock’s 50 day moving average is $53.11 and its 200 day moving average is $52.54.

Institutional Investors Weigh In On iShares Flexible Income Active ETF

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in iShares Flexible Income Active ETF by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 10,806,066 shares of the company’s stock worth $570,993,000 after acquiring an additional 97,669 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares Flexible Income Active ETF by 39.5% in the first quarter. Ameriprise Financial Inc. now owns 4,388,476 shares of the company’s stock worth $229,853,000 after acquiring an additional 1,243,383 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in 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 acquiring an additional 81,337 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in iShares Flexible Income Active ETF by 120.9% in the first quarter. Integrated Wealth Concepts LLC now owns 1,197,517 shares of the company’s stock worth $62,726,000 after acquiring an additional 655,433 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in iShares Flexible Income Active ETF by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 1,149,509 shares of the company’s stock worth $60,740,000 after acquiring an additional 90,210 shares in the last quarter.

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.