FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Up 1,364.8% in March

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 133,997 shares, an increase of 1,364.8% from the February 26th total of 9,148 shares. Based on an average trading volume of 59,020 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.0% of the company’s stock are sold short. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 59,020 shares, the days-to-cover ratio is currently 2.3 days.

FlexShares Core Select Bond Fund Price Performance

Shares of BNDC traded down $0.04 during mid-day trading on Tuesday, hitting $22.10. 21,975 shares of the company’s stock were exchanged, compared to its average volume of 25,512. FlexShares Core Select Bond Fund has a 52 week low of $21.61 and a 52 week high of $22.73. The company has a 50-day simple moving average of $22.43 and a 200 day simple moving average of $22.48.

FlexShares Core Select Bond Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, March 6th were given a $0.0697 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Investors Weigh In On FlexShares Core Select Bond Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC acquired a new position in shares of FlexShares Core Select Bond Fund during the 3rd quarter worth about $29,000. Wealth Watch Advisors INC bought a new stake in FlexShares Core Select Bond Fund during the fourth quarter worth about $38,000. CX Institutional bought a new stake in FlexShares Core Select Bond Fund during the third quarter worth about $98,000. First Heartland Consultants Inc. acquired a new position in FlexShares Core Select Bond Fund during the third quarter valued at approximately $254,000. Finally, WealthPlan Investment Management LLC acquired a new position in FlexShares Core Select Bond Fund during the fourth quarter valued at approximately $278,000.

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.