Short Interest in FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Increases By 1,364.8%

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 133,997 shares, an increase of 1,364.8% from the February 26th total of 9,148 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 59,020 shares, the short-interest ratio is presently 2.3 days.

FlexShares Core Select Bond Fund Stock Performance

FlexShares Core Select Bond Fund stock traded down $0.12 during mid-day trading on Thursday, reaching $22.05. The company had a trading volume of 22,408 shares, compared to its average volume of 25,185. The business has a fifty day simple moving average of $22.42 and a 200 day simple moving average of $22.48. FlexShares Core Select Bond Fund has a fifty-two week low of $21.61 and a fifty-two week high of $22.73.

FlexShares Core Select Bond Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, March 6th were issued a dividend of $0.0697 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Institutional Investors Weigh In On FlexShares Core Select Bond Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. GeoWealth Management LLC acquired a new position in FlexShares Core Select Bond Fund in the 3rd quarter worth about $29,000. Wealth Watch Advisors INC acquired a new stake in shares of FlexShares Core Select Bond Fund during the fourth quarter valued at about $38,000. CX Institutional bought a new stake in shares of FlexShares Core Select Bond Fund during the third quarter worth about $98,000. First Heartland Consultants Inc. bought a new stake in shares of FlexShares Core Select Bond Fund during the third quarter worth about $254,000. Finally, WealthPlan Investment Management LLC acquired a new position in shares of FlexShares Core Select Bond Fund in the fourth quarter valued at approximately $278,000.

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.