FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Up 278.4% in June

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 7,497 shares, an increase of 278.4% from the June 15th total of 1,981 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 6,056 shares, the short-interest ratio is presently 1.2 days.

FlexShares Core Select Bond Fund Stock Performance

BNDC traded down $0.02 during trading hours on Friday, hitting $21.89. 3,443 shares of the stock were exchanged, compared to its average volume of 17,442. The stock has a 50-day simple moving average of $22.04 and a 200-day simple moving average of $22.25. FlexShares Core Select Bond Fund has a 12 month low of $21.70 and a 12 month high of $22.73.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BNDC. ROI Financial Advisors LLC boosted its holdings in shares of FlexShares Core Select Bond Fund by 4.0% in the 1st quarter. ROI Financial Advisors LLC now owns 27,100 shares of the company’s stock valued at $603,000 after buying an additional 1,041 shares during the period. GeoWealth Management LLC acquired a new stake in FlexShares Core Select Bond Fund during the third quarter worth about $29,000. Wealth Watch Advisors INC acquired a new stake in FlexShares Core Select Bond Fund during the fourth quarter worth about $38,000. Park National Corp OH lifted its holdings in FlexShares Core Select Bond Fund by 2.2% in the fourth quarter. Park National Corp OH now owns 190,423 shares of the company’s stock worth $4,259,000 after acquiring an additional 4,048 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in FlexShares Core Select Bond Fund in the first quarter worth about $100,000.

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.