FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Short Interest Up 183.2% in June

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,193 shares, an increase 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 trading volume of 11,446 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of FlexShares Disciplined Duration MBS Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBSD. Jane Street Group LLC raised its position in shares of FlexShares Disciplined Duration MBS Index Fund by 306.8% during the second quarter. Jane Street Group LLC now owns 93,333 shares of the company’s stock valued at $1,932,000 after buying an additional 70,389 shares during the last quarter. Bank of America Corp DE lifted its stake in FlexShares Disciplined Duration MBS Index Fund by 31.5% in the 2nd quarter. Bank of America Corp DE now owns 47,453 shares of the company’s stock worth $982,000 after purchasing an additional 11,357 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of FlexShares Disciplined Duration MBS Index Fund by 22.4% during the 3rd 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. Wealth Enhancement Advisory Services LLC bought a new position in shares of FlexShares Disciplined Duration MBS Index Fund during the 4th quarter valued at about $5,886,000. Finally, Cottonwood Capital Advisors LLC grew its position in shares of FlexShares Disciplined Duration MBS Index Fund by 2.3% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 360,192 shares of the company’s stock valued at $7,483,000 after purchasing an additional 8,161 shares in the last quarter.

FlexShares Disciplined Duration MBS Index Fund Price Performance

Shares of FlexShares Disciplined Duration MBS Index Fund stock traded down $0.07 during trading hours on Monday, hitting $20.43. The company’s stock had a trading volume of 6,609 shares, compared to its average volume of 10,001. The business has a 50 day moving average price of $20.59 and a two-hundred day moving average price of $20.72. FlexShares Disciplined Duration MBS Index Fund has a 12-month low of $20.42 and a 12-month high of $21.10.

About FlexShares Disciplined Duration MBS Index Fund

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.