FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Sees Large Drop in Short Interest

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

Institutional Investors Weigh In On FlexShares Core Select Bond Fund

Several institutional investors have recently bought and sold shares of the company. ROI Financial Advisors LLC lifted its stake in FlexShares Core Select Bond Fund by 4.0% in the 1st quarter. ROI Financial Advisors LLC now owns 27,100 shares of the company’s stock valued at $603,000 after acquiring an additional 1,041 shares in the last quarter. Fifth Third Bancorp bought a new stake in FlexShares Core Select Bond Fund in the 1st quarter valued at approximately $100,000. Patriot Financial Group Insurance Agency LLC bought a new stake in FlexShares Core Select Bond Fund in the 1st quarter valued at approximately $422,000. Park National Corp OH lifted its stake in FlexShares Core Select Bond Fund by 54.9% in the 1st quarter. Park National Corp OH now owns 294,954 shares of the company’s stock valued at $6,559,000 after acquiring an additional 104,531 shares in the last quarter. Finally, Wealth Watch Advisors INC bought a new stake in FlexShares Core Select Bond Fund in the 4th quarter valued at approximately $38,000.

FlexShares Core Select Bond Fund Price Performance

Shares of BNDC traded down $0.02 on Friday, hitting $22.04. The company’s stock had a trading volume of 8,444 shares, compared to its average volume of 19,150. The firm’s fifty day moving average price is $22.12 and its 200-day moving average price is $22.31. FlexShares Core Select Bond Fund has a fifty-two week low of $21.70 and a fifty-two week high of $22.73.

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.