FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,444 shares, a decline of 38.8% from the September 30th total of 8,891 shares. Based on an average daily volume of 16,045 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.
FlexShares Disciplined Duration MBS Index Fund Stock Up 0.3%
Shares of NYSEARCA:MBSD opened at $20.23 on Friday. FlexShares Disciplined Duration MBS Index Fund has a fifty-two week low of $19.70 and a fifty-two week high of $21.06. The firm’s 50 day moving average price is $20.09 and its 200 day moving average price is $20.52.
Institutional Investors Weigh In On FlexShares Disciplined Duration MBS Index Fund
A number of institutional investors have recently made changes to their positions in the company. MGO One Seven LLC raised its stake in FlexShares Disciplined Duration MBS Index Fund by 5.9% during the 3rd quarter. MGO One Seven LLC now owns 351,221 shares of the company’s stock valued at $6,981,000 after purchasing an additional 19,609 shares during the period. Cottonwood Capital Advisors LLC raised its holdings in shares of FlexShares Disciplined Duration MBS Index Fund by 4.5% in the third quarter. Cottonwood Capital Advisors LLC now owns 403,104 shares of the company’s stock valued at $8,012,000 after buying an additional 17,320 shares during the last quarter. Titleist Asset Management LLC lifted its stake in shares of FlexShares Disciplined Duration MBS Index Fund by 3.1% during the third quarter. Titleist Asset Management LLC now owns 220,743 shares of the company’s stock valued at $4,387,000 after acquiring an additional 6,689 shares during the period. Boltwood Capital Management acquired a new position in FlexShares Disciplined Duration MBS Index Fund in the third quarter valued at approximately $4,496,000. Finally, Bank of America Corp DE lifted its stake in FlexShares Disciplined Duration MBS Index Fund by 5.8% in the first quarter. Bank of America Corp DE now owns 58,651 shares of the company’s stock valued at $1,214,000 after buying an additional 3,235 shares during the period.
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.
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