FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Down 69.9% in August

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 2,143 shares, a drop of 69.9% from the July 30th total of 7,112 shares. Based on an average trading volume of 9,934 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

FlexShares Core Select Bond Fund Stock Down 0.3%

BNDC traded down $0.06 on Friday, hitting $21.77. The company had a trading volume of 10,971 shares, compared to its average volume of 15,869. The company’s fifty day moving average price is $21.87 and its 200 day moving average price is $22.10. FlexShares Core Select Bond Fund has a 1-year low of $21.64 and a 1-year high of $22.73.

Hedge Funds Weigh In On FlexShares Core Select Bond Fund

Institutional investors have recently modified their holdings of the company. Park National Corp OH boosted its holdings in shares of FlexShares Core Select Bond Fund by 54.9% during the 1st quarter. Park National Corp OH now owns 294,954 shares of the company’s stock worth $6,559,000 after buying an additional 104,531 shares during the period. Northern Trust Corp raised its holdings in 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 worth $65,221,000 after acquiring an additional 72,595 shares during the period. Jane Street Group LLC acquired a new position in FlexShares Core Select Bond Fund during the 1st quarter worth $920,000. MML Investors Services LLC lifted its position in FlexShares Core Select Bond Fund by 19.3% during 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 last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in FlexShares Core Select Bond Fund during the first quarter valued at about $422,000.

About FlexShares Core Select Bond Fund

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.