FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Shares Shorted: Short Interest Up 2,726.6% in October

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 3,505 shares, an increase of 2,726.6% from the October 15th total of 124 shares. Based on an average daily trading volume, of 20,097 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BNDC. Park National Corp OH purchased a new position in shares of FlexShares Core Select Bond Fund during the third quarter worth about $6,963,000. CoreCap Advisors LLC increased its holdings in shares of FlexShares Core Select Bond Fund by 19.1% in the third quarter. CoreCap Advisors LLC now owns 71,610 shares of the company’s stock valued at $1,509,000 after purchasing an additional 11,487 shares during the period. First Heartland Consultants Inc. purchased a new position in FlexShares Core Select Bond Fund during the 3rd quarter worth $828,000. ROI Financial Advisors LLC raised its holdings in FlexShares Core Select Bond Fund by 4.0% during the first quarter. ROI Financial Advisors LLC now owns 27,100 shares of the company’s stock worth $603,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of FlexShares Core Select Bond Fund during the 2nd quarter worth approximately $390,000.

FlexShares Core Select Bond Fund Trading Down 0.7%

Shares of NYSEARCA:BNDC traded down $0.16 during trading hours on Tuesday, reaching $21.36. The stock had a trading volume of 12,561 shares, compared to its average volume of 18,732. The firm’s 50 day moving average is $21.35 and its 200-day moving average is $21.93. FlexShares Core Select Bond Fund has a 1 year low of $20.95 and a 1 year high of $23.74.

About FlexShares Core Select Bond Fund

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.