FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Down 65.5% in January

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 15,464 shares, a drop of 65.5% from the December 31st total of 44,759 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 20,563 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 20,563 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BNDC. Northern Trust Corp boosted its stake in shares of FlexShares Core Select Bond Fund by 2.6% in 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 in the last quarter. Envestnet Asset Management Inc. lifted its stake in FlexShares Core Select Bond Fund by 3.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 950,453 shares of the company’s stock valued at $21,380,000 after purchasing an additional 29,144 shares during the last quarter. Occidental Asset Management LLC boosted its position in FlexShares Core Select Bond Fund by 3.7% in the fourth quarter. Occidental Asset Management LLC now owns 835,577 shares of the company’s stock valued at $18,688,000 after buying an additional 29,436 shares in the last quarter. MML Investors Services LLC boosted its position in FlexShares Core Select Bond Fund by 19.3% in the second quarter. MML Investors Services LLC now owns 228,240 shares of the company’s stock valued at $5,082,000 after buying an additional 36,926 shares in the last quarter. Finally, Park National Corp OH grew its stake in shares of FlexShares Core Select Bond Fund by 2.2% during the fourth quarter. Park National Corp OH now owns 190,423 shares of the company’s stock worth $4,259,000 after buying an additional 4,048 shares during the last quarter.

FlexShares Core Select Bond Fund Stock Down 0.1%

Shares of BNDC stock opened at $22.42 on Wednesday. FlexShares Core Select Bond Fund has a fifty-two week low of $21.61 and a fifty-two week high of $22.73. The stock’s fifty day moving average price is $22.45 and its two-hundred day moving average price is $22.42.

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.