FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Update

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,143 shares, a decline of 69.9% from the July 30th total of 7,112 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,934 shares, the days-to-cover ratio is presently 0.2 days.

FlexShares Core Select Bond Fund Stock Down 0.1%

BNDC stock traded down $0.01 during midday trading on Thursday, reaching $21.82. 4,255 shares of the company’s stock traded hands, compared to its average volume of 15,881. FlexShares Core Select Bond Fund has a 52-week low of $21.64 and a 52-week high of $22.73. The stock’s 50-day moving average is $21.88 and its 200 day moving average is $22.11.

Institutional Trading of FlexShares Core Select Bond Fund

A number of hedge funds and other institutional investors have recently modified their holdings of BNDC. Northern Trust Corp raised its position in shares of FlexShares Core Select Bond Fund by 2.6% during the 3rd quarter. Northern Trust Corp now owns 2,899,364 shares of the company’s stock valued at $65,221,000 after purchasing an additional 72,595 shares during the period. Park National Corp OH increased its stake in FlexShares Core Select Bond Fund by 54.9% in the 1st quarter. Park National Corp OH now owns 294,954 shares of the company’s stock worth $6,559,000 after buying an additional 104,531 shares in the last quarter. MML Investors Services LLC increased its stake in FlexShares Core Select Bond Fund by 6.7% in the 4th quarter. MML Investors Services LLC now owns 243,437 shares of the company’s stock worth $5,444,000 after buying an additional 15,339 shares in the last quarter. CoreCap Advisors LLC raised its holdings in FlexShares Core Select Bond Fund by 18.3% during the second quarter. CoreCap Advisors LLC now owns 60,123 shares of the company’s stock valued at $1,328,000 after acquiring an additional 9,281 shares during the period. Finally, Jane Street Group LLC bought a new stake in FlexShares Core Select Bond Fund during the first quarter valued at about $920,000.

FlexShares Core Select Bond Fund Company Profile

The FlexShares Core Select Bond Fund (BNDC) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively-managed fund-of-funds that invests in various USD-denominated investment-grade fixed income ETFs to generate risk-adjusted returns. The fund does not have a duration or sector allocation target. BNDC was launched on Nov 18, 2016 and is managed by FlexShares.