FlexShares Core Select Bond Fund (NYSEARCA:BNDC – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,143 shares, a drop of 69.9% from the July 30th total of 7,112 shares. Based on an average daily volume of 9,934 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of BNDC. Park National Corp OH grew its holdings in 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 purchasing an additional 104,531 shares during the period. Northern Trust Corp raised its holdings in shares of FlexShares Core Select Bond Fund by 2.6% during the third quarter. Northern Trust Corp now owns 2,899,364 shares of the company’s stock valued at $65,221,000 after purchasing an additional 72,595 shares during the period. Jane Street Group LLC bought a new position in shares of FlexShares Core Select Bond Fund during the 1st quarter worth about $920,000. MML Investors Services LLC grew its stake in shares of FlexShares Core Select Bond Fund by 19.3% in the 2nd quarter. MML Investors Services LLC now owns 228,240 shares of the company’s stock valued at $5,082,000 after buying an additional 36,926 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in FlexShares Core Select Bond Fund in the 1st quarter valued at about $422,000.
FlexShares Core Select Bond Fund Price Performance
BNDC traded down $0.06 during trading on Friday, hitting $21.77. The company’s stock had a trading volume of 10,971 shares, compared to its average volume of 15,867. FlexShares Core Select Bond Fund has a twelve month low of $21.64 and a twelve month high of $22.73. The stock’s fifty day moving average price is $21.88 and its 200-day moving average price is $22.11.
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.
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