FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Short Interest Update

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,518 shares, an increase of 37.7% from the February 12th total of 3,280 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,495 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 6,495 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On FlexShares Disciplined Duration MBS Index Fund

A number of hedge funds have recently modified their holdings of the stock. Leuthold Group LLC purchased a new stake in shares of FlexShares Disciplined Duration MBS Index Fund during the fourth quarter worth $276,000. LPL Financial LLC increased its position in FlexShares Disciplined Duration MBS Index Fund by 30.4% in the 4th quarter. LPL Financial LLC now owns 30,497 shares of the company’s stock worth $634,000 after purchasing an additional 7,114 shares during the last quarter. Jones Financial Companies Lllp increased its position in FlexShares Disciplined Duration MBS Index Fund by 15.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 33,012 shares of the company’s stock worth $689,000 after purchasing an additional 4,412 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of FlexShares Disciplined Duration MBS Index Fund by 22.4% during the 3rd quarter. Raymond James Financial Inc. now owns 39,717 shares of the company’s stock worth $828,000 after purchasing an additional 7,256 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of FlexShares Disciplined Duration MBS Index Fund by 31.5% during the 2nd quarter. Bank of America Corp DE now owns 47,453 shares of the company’s stock worth $982,000 after purchasing an additional 11,357 shares in the last quarter.

FlexShares Disciplined Duration MBS Index Fund Stock Performance

MBSD traded down $0.02 on Friday, reaching $20.69. 7,558 shares of the company traded hands, compared to its average volume of 8,889. The stock’s 50 day moving average price is $20.86 and its 200-day moving average price is $20.86. FlexShares Disciplined Duration MBS Index Fund has a 52-week low of $20.21 and a 52-week high of $21.10.

FlexShares Disciplined Duration MBS Index Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0631 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd.

About FlexShares Disciplined Duration MBS Index Fund

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.