FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Sees Large Decrease in Short Interest

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 2,959 shares, a drop of 58.9% from the June 30th total of 7,193 shares. Based on an average daily volume of 7,483 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On FlexShares Disciplined Duration MBS Index Fund

A number of institutional investors have recently bought and sold shares of the business. Leuthold Group LLC purchased a new stake in shares of FlexShares Disciplined Duration MBS Index Fund in the 4th quarter valued at $276,000. LPL Financial LLC boosted its holdings in FlexShares Disciplined Duration MBS Index Fund by 30.4% in the fourth quarter. LPL Financial LLC now owns 30,497 shares of the company’s stock valued at $634,000 after purchasing an additional 7,114 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in FlexShares Disciplined Duration MBS Index Fund by 22.4% in the third quarter. Raymond James Financial Inc. now owns 39,717 shares of the company’s stock valued at $828,000 after purchasing an additional 7,256 shares during the last quarter. Bank of America Corp DE boosted its holdings in FlexShares Disciplined Duration MBS Index Fund by 31.5% in the second quarter. Bank of America Corp DE now owns 47,453 shares of the company’s stock valued at $982,000 after purchasing an additional 11,357 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in FlexShares Disciplined Duration MBS Index Fund by 7.6% during the 4th quarter. Sanctuary Advisors LLC now owns 63,625 shares of the company’s stock worth $1,322,000 after purchasing an additional 4,484 shares during the period.

FlexShares Disciplined Duration MBS Index Fund Stock Performance

Shares of MBSD stock opened at $20.39 on Monday. FlexShares Disciplined Duration MBS Index Fund has a fifty-two week low of $20.34 and a fifty-two week high of $21.10. The stock’s 50-day simple moving average is $20.55 and its 200-day simple moving average is $20.70.

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.