Short Interest in FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Drops By 57.9%

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,774 shares, a decline of 57.9% from the May 14th total of 4,214 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 16,569 shares, the days-to-cover ratio is presently 0.1 days.

FlexShares Core Select Bond Fund Stock Up 0.5%

BNDC opened at $22.06 on Friday. FlexShares Core Select Bond Fund has a 12 month low of $21.70 and a 12 month high of $22.73. The firm’s fifty day simple moving average is $22.12 and its 200 day simple moving average is $22.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BNDC. Jane Street Group LLC acquired a new position in FlexShares Core Select Bond Fund in the 1st quarter valued at about $920,000. MML Investors Services LLC boosted its holdings in FlexShares Core Select Bond Fund by 19.3% in the 2nd quarter. MML Investors Services LLC now owns 228,240 shares of the company’s stock valued at $5,082,000 after purchasing an additional 36,926 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 period. Stratos Wealth Advisors LLC boosted its holdings in FlexShares Core Select Bond Fund by 1.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 36,233 shares of the company’s stock valued at $815,000 after purchasing an additional 587 shares during the period. Finally, First Heartland Consultants Inc. bought a new stake in FlexShares Core Select Bond Fund in the 3rd quarter valued at about $254,000.

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.