FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Sees Large Growth in Short Interest

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 7,193 shares, an increase of 183.2% from the June 15th total of 2,540 shares. Based on an average daily volume of 11,446 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

FlexShares Disciplined Duration MBS Index Fund Price Performance

NYSEARCA MBSD traded up $0.04 on Tuesday, reaching $20.47. The company had a trading volume of 1,732 shares, compared to its average volume of 9,938. The company’s fifty day moving average is $20.58 and its 200-day moving average is $20.72. FlexShares Disciplined Duration MBS Index Fund has a 1-year low of $20.42 and a 1-year high of $21.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone National Bank & Trust Co lifted its stake in FlexShares Disciplined Duration MBS Index Fund by 4.9% in the 4th quarter. Cornerstone National Bank & Trust Co now owns 674,362 shares of the company’s stock valued at $14,010,000 after acquiring an additional 31,564 shares in the last quarter. Cottonwood Capital Advisors LLC grew its stake in shares of FlexShares Disciplined Duration MBS Index Fund by 5.0% during the 1st quarter. Cottonwood Capital Advisors LLC now owns 378,279 shares of the company’s stock worth $7,832,000 after acquiring an additional 18,087 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of FlexShares Disciplined Duration MBS Index Fund by 7.6% in the fourth quarter. MGO One Seven LLC now owns 309,195 shares of the company’s stock valued at $6,424,000 after purchasing an additional 21,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of FlexShares Disciplined Duration MBS Index Fund in the fourth quarter valued at approximately $5,886,000. Finally, Titleist Asset Management LLC lifted its position in shares of FlexShares Disciplined Duration MBS Index Fund by 166.3% in the fourth quarter. Titleist Asset Management LLC now owns 200,329 shares of the company’s stock worth $4,162,000 after purchasing an additional 125,099 shares in the last quarter.

FlexShares Disciplined Duration MBS Index Fund Company Profile

The FlexShares Disciplined Duration MBS Index Fund (MBSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of agency-backed mortgage-backed securities that aims for 3.25-4.25 years of effective duration. The index uses a proprietary weighting scheme. MBSD was launched on Sep 4, 2014 and is managed by FlexShares.