FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Sees Significant Decline in Short Interest

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 9,504 shares, a decline of 44.4% from the January 29th total of 17,087 shares. Based on an average trading volume of 17,225 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 17,225 shares, the short-interest ratio is presently 0.6 days.

FlexShares Core Select Bond Fund Price Performance

Shares of BNDC traded up $0.05 during mid-day trading on Friday, hitting $22.69. 4,578 shares of the company’s stock were exchanged, compared to its average volume of 16,202. FlexShares Core Select Bond Fund has a 52 week low of $21.61 and a 52 week high of $22.73. The company has a 50-day simple moving average of $22.46 and a 200 day simple moving average of $22.47.

FlexShares Core Select Bond Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 12th. Shareholders of record on Friday, February 6th were paid a $0.0796 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, February 6th. This is an increase from FlexShares Core Select Bond Fund’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On FlexShares Core Select Bond Fund

Large investors have recently modified their holdings of the business. GeoWealth Management LLC acquired a new position in FlexShares Core Select Bond Fund during the third quarter worth $29,000. Wealth Watch Advisors INC bought a new position in shares of FlexShares Core Select Bond Fund during the 4th quarter worth approximately $38,000. CX Institutional bought a new position in shares of FlexShares Core Select Bond Fund during the 3rd quarter worth approximately $98,000. First Heartland Consultants Inc. acquired a new position in shares of FlexShares Core Select Bond Fund during the 3rd quarter worth approximately $254,000. Finally, WealthPlan Investment Management LLC acquired a new position in shares of FlexShares Core Select Bond Fund during the 4th quarter worth 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.