FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Sees Large Drop in Short Interest

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,444 shares, a decline of 38.8% from the September 30th total of 8,891 shares. Based on an average daily volume of 16,045 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

FlexShares Disciplined Duration MBS Index Fund Stock Performance

MBSD stock traded down $0.06 during mid-day trading on Monday, hitting $20.17. 20,781 shares of the company were exchanged, compared to its average volume of 10,311. The firm’s 50 day simple moving average is $20.09 and its 200 day simple moving average is $20.52. FlexShares Disciplined Duration MBS Index Fund has a 1-year low of $19.70 and a 1-year high of $21.06.

Institutional Investors Weigh In On FlexShares Disciplined Duration MBS Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in MBSD. MGO One Seven LLC increased its holdings in FlexShares Disciplined Duration MBS Index Fund by 5.9% during the 3rd quarter. MGO One Seven LLC now owns 351,221 shares of the company’s stock worth $6,981,000 after purchasing an additional 19,609 shares in the last quarter. Cottonwood Capital Advisors LLC lifted its holdings in shares of FlexShares Disciplined Duration MBS Index Fund by 4.5% in the third quarter. Cottonwood Capital Advisors LLC now owns 403,104 shares of the company’s stock valued at $8,012,000 after purchasing an additional 17,320 shares in the last quarter. Titleist Asset Management LLC boosted its position in shares of FlexShares Disciplined Duration MBS Index Fund by 3.1% during the third quarter. Titleist Asset Management LLC now owns 220,743 shares of the company’s stock worth $4,387,000 after buying an additional 6,689 shares during the period. Boltwood Capital Management acquired a new position in shares of FlexShares Disciplined Duration MBS Index Fund during the third quarter worth about $4,496,000. Finally, Bank of America Corp DE boosted its position in shares of FlexShares Disciplined Duration MBS Index Fund by 5.8% during the first quarter. Bank of America Corp DE now owns 58,651 shares of the company’s stock worth $1,214,000 after buying an additional 3,235 shares during the period.

FlexShares Disciplined Duration MBS Index Fund Company Profile

The FlexShares Disciplined Duration MBS Index Fund (MBSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of agency-backed mortgage-backed securities that aims for 3.25-4.25 years of effective duration. The index uses a proprietary weighting scheme. MBSD was launched on Sep 4, 2014 and is managed by FlexShares.