FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Up 603.5% in May

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 4,214 shares, an increase of 603.5% from the April 30th total of 599 shares. Based on an average trading volume of 15,970 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

FlexShares Core Select Bond Fund Stock Up 0.2%

FlexShares Core Select Bond Fund stock traded up $0.05 during midday trading on Thursday, hitting $22.11. 5,644 shares of the company’s stock were exchanged, compared to its average volume of 20,251. FlexShares Core Select Bond Fund has a 12 month low of $21.70 and a 12 month high of $22.73. The firm has a 50-day moving average of $22.15 and a two-hundred day moving average of $22.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BNDC. Jane Street Group LLC bought a new position in FlexShares Core Select Bond Fund during the 1st quarter worth about $920,000. MML Investors Services LLC grew its holdings 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 in the last quarter. Absolute Capital Management LLC grew its holdings in FlexShares Core Select Bond Fund by 2.8% during the 3rd quarter. Absolute Capital Management LLC now owns 24,484 shares of the company’s stock worth $551,000 after acquiring an additional 662 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in FlexShares Core Select Bond Fund by 3.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 950,453 shares of the company’s stock worth $21,380,000 after acquiring an additional 29,144 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in FlexShares Core Select Bond Fund by 1.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 36,233 shares of the company’s stock worth $815,000 after acquiring an additional 587 shares in the last quarter.

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.