FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 7,193 shares, a growth of 183.2% from the June 15th total of 2,540 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,446 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On FlexShares Disciplined Duration MBS Index Fund
Institutional investors have recently modified their holdings of the stock. Leuthold Group LLC bought a new position in shares of FlexShares Disciplined Duration MBS Index Fund during the 4th quarter valued at approximately $276,000. LPL Financial LLC boosted its stake in FlexShares Disciplined Duration MBS Index Fund by 30.4% during the fourth quarter. LPL Financial LLC now owns 30,497 shares of the company’s stock worth $634,000 after buying an additional 7,114 shares during the period. Raymond James Financial Inc. boosted its stake in FlexShares Disciplined Duration MBS Index Fund by 22.4% during the third quarter. Raymond James Financial Inc. now owns 39,717 shares of the company’s stock worth $828,000 after buying an additional 7,256 shares during the period. Bank of America Corp DE increased its position in FlexShares Disciplined Duration MBS Index Fund by 31.5% during the second quarter. Bank of America Corp DE now owns 47,453 shares of the company’s stock valued at $982,000 after acquiring an additional 11,357 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in FlexShares Disciplined Duration MBS Index Fund by 7.6% during the fourth quarter. Sanctuary Advisors LLC now owns 63,625 shares of the company’s stock valued at $1,322,000 after acquiring an additional 4,484 shares during the last quarter.
FlexShares Disciplined Duration MBS Index Fund Trading Up 0.2%
MBSD traded up $0.04 on Wednesday, hitting $20.51. The company had a trading volume of 6,231 shares, compared to its average volume of 9,910. FlexShares Disciplined Duration MBS Index Fund has a 12-month low of $20.42 and a 12-month high of $21.10. The business’s fifty day simple moving average is $20.58 and its 200 day simple moving average is $20.72.
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.
Featured Stories
- Five stocks we like better than FlexShares Disciplined Duration MBS Index Fund
- Plot Twist: 12 States Could Stall the Paramount-Warner Bros. Discovery Mega-Merger
- Alphabet’s AI Spending Question Looms Over Q2 Earnings
- 3 Small-Cap Stocks Trading Under $10 With Room to Run
- CleanSpark Inks a $6.6B AI Lease to Become a Digital Landlord
Receive News & Ratings for FlexShares Disciplined Duration MBS Index Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FlexShares Disciplined Duration MBS Index Fund and related companies with MarketBeat.com's FREE daily email newsletter.
