Short Interest in FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Decreases By 57.9%

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,774 shares, a drop of 57.9% from the May 14th total of 4,214 shares. Based on an average daily trading volume, of 16,569 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

FlexShares Core Select Bond Fund Stock Down 0.1%

Shares of NYSEARCA BNDC traded down $0.02 during trading on Friday, hitting $22.04. The company had a trading volume of 8,444 shares, compared to its average volume of 19,150. The stock has a 50 day simple moving average of $22.12 and a 200 day simple moving average of $22.31. FlexShares Core Select Bond Fund has a 12 month low of $21.70 and a 12 month high of $22.73.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. ROI Financial Advisors LLC raised its stake in shares of FlexShares Core Select Bond Fund by 4.0% in the first quarter. ROI Financial Advisors LLC now owns 27,100 shares of the company’s stock worth $603,000 after buying an additional 1,041 shares during the period. Fifth Third Bancorp bought a new position in shares of FlexShares Core Select Bond Fund in the first quarter worth about $100,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of FlexShares Core Select Bond Fund in the first quarter worth about $422,000. Park National Corp OH raised its stake in shares of FlexShares Core Select Bond Fund by 54.9% in the first quarter. Park National Corp OH now owns 294,954 shares of the company’s stock worth $6,559,000 after buying an additional 104,531 shares during the period. Finally, Wealth Watch Advisors INC bought a new position in shares of FlexShares Core Select Bond Fund in the fourth quarter worth about $38,000.

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.