FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Stock Short Interest Declines 46.5%

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 744 shares, a drop of 46.5% from the September 15th total of 1,391 shares. Based on an average daily trading volume, of 11,908 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

FlexShares Core Select Bond Fund Stock Down 0.2%

NYSEARCA BNDC traded down $0.04 during trading on Friday, reaching $21.27. 33,193 shares of the company’s stock were exchanged, compared to its average volume of 19,073. The company has a 50 day moving average price of $21.47 and a two-hundred day moving average price of $21.84. FlexShares Core Select Bond Fund has a 1 year low of $20.95 and a 1 year high of $22.73.

Institutional Trading of FlexShares Core Select Bond Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BNDC. Fifth Third Bancorp purchased a new stake in FlexShares Core Select Bond Fund in the first quarter valued at $100,000. Citadel Advisors LLC purchased a new position in shares of FlexShares Core Select Bond Fund during the second quarter worth about $390,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of FlexShares Core Select Bond Fund during the first quarter worth about $422,000. ROI Financial Advisors LLC increased its position in shares of FlexShares Core Select Bond Fund by 4.0% during the first quarter. ROI Financial Advisors LLC now owns 27,100 shares of the company’s stock worth $603,000 after purchasing an additional 1,041 shares in the last quarter. Finally, First Heartland Consultants Inc. acquired a new stake in shares of FlexShares Core Select Bond Fund during the third quarter worth about $828,000.

About FlexShares Core Select Bond Fund

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.