FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Up 278.4% in June

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 7,497 shares, an increase of 278.4% from the June 15th total of 1,981 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,056 shares, the short-interest ratio is currently 1.2 days.

FlexShares Core Select Bond Fund Price Performance

BNDC traded down $0.02 during trading on Friday, reaching $21.89. 3,443 shares of the company were exchanged, compared to its average volume of 17,442. The firm has a 50 day moving average of $22.04 and a 200 day moving average of $22.25. FlexShares Core Select Bond Fund has a 52 week low of $21.70 and a 52 week high of $22.73.

Hedge Funds Weigh In On FlexShares Core Select Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of BNDC. ROI Financial Advisors LLC grew its position in shares of FlexShares Core Select Bond Fund by 4.0% during the first quarter. ROI Financial Advisors LLC now owns 27,100 shares of the company’s stock worth $603,000 after acquiring an additional 1,041 shares during the last quarter. GeoWealth Management LLC acquired a new stake in shares of FlexShares Core Select Bond Fund in the 3rd quarter worth about $29,000. Wealth Watch Advisors INC bought a new stake in FlexShares Core Select Bond Fund in the 4th quarter valued at about $38,000. Park National Corp OH lifted its position in FlexShares Core Select Bond Fund by 2.2% in the 4th quarter. Park National Corp OH now owns 190,423 shares of the company’s stock valued at $4,259,000 after purchasing an additional 4,048 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in FlexShares Core Select Bond Fund during the 1st quarter valued at about $100,000.

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.