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

iShares Flexible Income Active ETF (NYSEARCA:BINC) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,385,131 shares, an increase of 151.1% from the February 12th total of 551,520 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,944,321 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 1,944,321 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

iShares Flexible Income Active ETF Trading Down 0.2%

Shares of BINC stock opened at $52.41 on Thursday. iShares Flexible Income Active ETF has a 52-week low of $50.84 and a 52-week high of $53.51. The business’s fifty day moving average is $52.97 and its 200 day moving average is $53.05.

Institutional Trading of iShares Flexible Income Active ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Elyxium Wealth LLC bought a new stake in shares of iShares Flexible Income Active ETF during the 4th quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in iShares Flexible Income Active ETF in the third quarter valued at approximately $28,000. Eagle Bay Advisors LLC purchased a new stake in iShares Flexible Income Active ETF in the fourth quarter valued at approximately $30,000. Canton Hathaway LLC bought a new stake in iShares Flexible Income Active ETF during the fourth quarter valued at approximately $32,000. Finally, Curio Wealth LLC lifted its position in iShares Flexible Income Active ETF by 577.0% during the fourth quarter. Curio Wealth LLC now owns 677 shares of the company’s stock valued at $36,000 after purchasing an additional 577 shares during 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.