FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Update

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 9,504 shares, a drop of 44.4% from the January 29th total of 17,087 shares. Based on an average daily trading volume, of 17,225 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 17,225 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On FlexShares Core Select Bond Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of BNDC. Wealth Watch Advisors INC bought a new stake in FlexShares Core Select Bond Fund in the fourth quarter valued at approximately $38,000. MML Investors Services LLC increased its holdings in shares of FlexShares Core Select Bond Fund by 6.7% during the 4th quarter. MML Investors Services LLC now owns 243,437 shares of the company’s stock worth $5,444,000 after acquiring an additional 15,339 shares during the last quarter. ROI Financial Advisors LLC raised its stake in FlexShares Core Select Bond Fund by 5.0% in the 4th quarter. ROI Financial Advisors LLC now owns 26,059 shares of the company’s stock valued at $583,000 after acquiring an additional 1,238 shares during the period. WealthPlan Investment Management LLC acquired a new stake in FlexShares Core Select Bond Fund during the 4th quarter valued at $278,000. Finally, CoreCap Advisors LLC boosted its position in FlexShares Core Select Bond Fund by 54.4% during the fourth quarter. CoreCap Advisors LLC now owns 37,233 shares of the company’s stock worth $833,000 after purchasing an additional 13,125 shares during the period.

FlexShares Core Select Bond Fund Price Performance

BNDC traded up $0.05 during trading on Friday, reaching $22.69. 4,578 shares of the stock were exchanged, compared to its average volume of 16,202. The stock’s 50 day moving average price is $22.46 and its two-hundred day moving average price is $22.47. FlexShares Core Select Bond Fund has a twelve month low of $21.61 and a twelve month high of $22.73.

FlexShares Core Select Bond Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 12th. Stockholders of record on Friday, February 6th were issued a $0.0796 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from FlexShares Core Select Bond Fund’s previous monthly dividend of $0.08.

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.