Short Interest in FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Decreases By 93.0%

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 599 shares, a decline of 93.0% from the April 15th total of 8,586 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 11,338 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BNDC. Jane Street Group LLC acquired a new position in shares of FlexShares Core Select Bond Fund during 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 worth $5,082,000 after acquiring an additional 36,926 shares during the period. CoreCap Advisors LLC boosted its holdings in FlexShares Core Select Bond Fund by 114.9% in the 3rd quarter. CoreCap Advisors LLC now owns 24,108 shares of the company’s stock worth $542,000 after acquiring an additional 12,891 shares during the period. CX Institutional purchased a new position in shares of FlexShares Core Select Bond Fund during the 3rd quarter valued at approximately $98,000. Finally, Occidental Asset Management LLC boosted its stake in shares of FlexShares Core Select Bond Fund by 3.4% during the 3rd quarter. Occidental Asset Management LLC now owns 806,141 shares of the company’s stock valued at $18,134,000 after buying an additional 26,667 shares during the last quarter.

FlexShares Core Select Bond Fund Stock Performance

Shares of BNDC traded down $0.05 on Tuesday, hitting $22.05. 10,042 shares of the stock traded hands, compared to its average volume of 20,513. The stock’s 50 day moving average is $22.26 and its two-hundred day moving average is $22.41. FlexShares Core Select Bond Fund has a 1 year low of $21.71 and a 1 year high of $22.73.

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.