Short Interest in FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Grows By 37.7%

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 4,518 shares, a growth of 37.7% from the February 12th total of 3,280 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 6,495 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 6,495 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of FlexShares Disciplined Duration MBS Index Fund

A number of institutional investors and hedge funds have recently made changes to their positions in MBSD. Leuthold Group LLC bought a new stake in shares of FlexShares Disciplined Duration MBS Index Fund during the 4th quarter worth about $276,000. LPL Financial LLC lifted its holdings in FlexShares Disciplined Duration MBS Index Fund by 30.4% in the 4th quarter. LPL Financial LLC now owns 30,497 shares of the company’s stock worth $634,000 after purchasing an additional 7,114 shares during the last quarter. Jones Financial Companies Lllp boosted its position in FlexShares Disciplined Duration MBS Index Fund by 15.4% during the third quarter. Jones Financial Companies Lllp now owns 33,012 shares of the company’s stock worth $689,000 after purchasing an additional 4,412 shares during the period. Raymond James Financial Inc. boosted 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 worth $828,000 after purchasing an additional 7,256 shares during the period. Finally, Bank of America Corp DE grew its holdings in FlexShares Disciplined Duration MBS Index Fund by 31.5% during the second quarter. Bank of America Corp DE now owns 47,453 shares of the company’s stock valued at $982,000 after purchasing an additional 11,357 shares during the last quarter.

FlexShares Disciplined Duration MBS Index Fund Stock Performance

Shares of MBSD traded up $0.05 during mid-day trading on Monday, hitting $20.76. 7,558 shares of the company’s stock were exchanged, compared to its average volume of 8,889. The firm has a fifty day moving average of $20.86 and a two-hundred day moving average of $20.86. FlexShares Disciplined Duration MBS Index Fund has a twelve month low of $20.21 and a twelve month high of $21.10.

FlexShares Disciplined Duration MBS Index Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0631 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.