Short Interest in iShares Flexible Income Active ETF (NYSEARCA:BINC) Rises By 68.2%
by Kim Johansen · The Markets DailyiShares Flexible Income Active ETF (NYSEARCA:BINC – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,566,582 shares, a growth of 68.2% from the July 15th total of 931,313 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 1,354,390 shares, the short-interest ratio is presently 1.2 days.
Hedge Funds Weigh In On iShares Flexible Income Active ETF
A number of large investors have recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in iShares Flexible Income Active ETF in the fourth quarter valued at approximately $25,000. Curio Wealth LLC raised its position in shares of iShares Flexible Income Active ETF by 577.0% during the 4th quarter. Curio Wealth LLC now owns 677 shares of the company’s stock worth $36,000 after purchasing an additional 577 shares during the period. Proathlete Wealth Management LLC bought a new stake in shares of iShares Flexible Income Active ETF in the 4th quarter worth approximately $40,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of iShares Flexible Income Active ETF in the 1st quarter worth approximately $43,000. Finally, Jessup Wealth Management Inc acquired a new position in iShares Flexible Income Active ETF during the 4th quarter valued at approximately $45,000.
iShares Flexible Income Active ETF Trading Down 0.2%
Shares of NYSEARCA BINC traded down $0.09 during midday trading on Monday, hitting $51.97. The company’s stock had a trading volume of 1,028,870 shares, compared to its average volume of 2,334,982. iShares Flexible Income Active ETF has a 1-year low of $51.60 and a 1-year high of $53.51. The firm’s fifty day moving average price is $52.11 and its 200-day moving average price is $52.33.
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.