iShares Flexible Income Active ETF (NYSEARCA:BINC) Short Interest Up 118.6% in April
by Teresa Graham · The Cerbat GemiShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 236,818 shares, a growth of 118.6% from the March 31st total of 108,315 shares. Based on an average daily volume of 1,922,134 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.
iShares Flexible Income Active ETF Trading Up 0.1%
NYSEARCA:BINC traded up $0.06 during mid-day trading on Friday, hitting $52.47. The company had a trading volume of 1,608,268 shares, compared to its average volume of 2,438,883. The business has a fifty day simple moving average of $52.41 and a 200-day simple moving average of $52.82. iShares Flexible Income Active ETF has a 1 year low of $51.60 and a 1 year high of $53.51.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Canton Hathaway LLC raised its position in iShares Flexible Income Active ETF by 116.7% in the first quarter. Canton Hathaway LLC now owns 1,300 shares of the company’s stock valued at $68,000 after purchasing an additional 700 shares during the period. Lam Group Inc. raised its position in iShares Flexible Income Active ETF by 30.1% in the first quarter. Lam Group Inc. now owns 6,805 shares of the company’s stock valued at $353,000 after purchasing an additional 1,575 shares during the period. Payne Capital LLC raised its position in iShares Flexible Income Active ETF by 103.0% in the first quarter. Payne Capital LLC now owns 8,782 shares of the company’s stock valued at $456,000 after purchasing an additional 4,455 shares during the period. Fiduciary Alliance LLC raised its position in iShares Flexible Income Active ETF by 4.1% in the first quarter. Fiduciary Alliance LLC now owns 8,171 shares of the company’s stock valued at $428,000 after purchasing an additional 321 shares during the period. Finally, Roxbury Financial LLC raised its position in iShares Flexible Income Active ETF by 32.8% in the first quarter. Roxbury Financial LLC now owns 8,668 shares of the company’s stock valued at $450,000 after purchasing an additional 2,139 shares during the period.
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. BINC was launched on May 19, 2023 and is managed by BlackRock.