FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD – Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 5,575 shares, an increase of 1,273.2% from the December 31st total of 406 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 11,668 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 11,668 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.
Institutional Trading of FlexShares Disciplined Duration MBS Index Fund
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cottonwood Capital Advisors LLC grew its stake in FlexShares Disciplined Duration MBS Index Fund by 2.3% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 360,192 shares of the company’s stock worth $7,483,000 after purchasing an additional 8,161 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in FlexShares Disciplined Duration MBS Index Fund in the fourth quarter valued at approximately $5,886,000. Bank of America Corp DE boosted its holdings in FlexShares Disciplined Duration MBS Index Fund by 4.0% in the third quarter. Bank of America Corp DE now owns 49,332 shares of the company’s stock valued at $1,029,000 after purchasing an additional 1,879 shares during the last quarter. Raymond James Financial Inc. grew its position in FlexShares Disciplined Duration MBS Index Fund by 22.4% during the third quarter. Raymond James Financial Inc. now owns 39,717 shares of the company’s stock valued at $828,000 after buying an additional 7,256 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of FlexShares Disciplined Duration MBS Index Fund by 15.4% in the third quarter. Jones Financial Companies Lllp now owns 33,012 shares of the company’s stock valued at $689,000 after buying an additional 4,412 shares in the last quarter.
FlexShares Disciplined Duration MBS Index Fund Trading Up 0.0%
MBSD stock traded up $0.01 during midday trading on Wednesday, hitting $20.85. The company’s stock had a trading volume of 17,573 shares, compared to its average volume of 10,381. FlexShares Disciplined Duration MBS Index Fund has a 12 month low of $20.21 and a 12 month high of $21.10. The company has a 50 day moving average of $20.82 and a two-hundred day moving average of $20.79.
About FlexShares Disciplined Duration MBS Index Fund
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.
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