FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Up 603.5% in May

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 4,214 shares, an increase of 603.5% from the April 30th total of 599 shares. Based on an average trading volume of 15,970 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of FlexShares Core Select Bond Fund

Several hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of FlexShares Core Select Bond Fund by 2.6% during the third quarter. Northern Trust Corp now owns 2,899,364 shares of the company’s stock valued at $65,221,000 after buying an additional 72,595 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of FlexShares Core Select Bond Fund by 3.2% during the third quarter. Envestnet Asset Management Inc. now owns 950,453 shares of the company’s stock valued at $21,380,000 after buying an additional 29,144 shares during the last quarter. Occidental Asset Management LLC lifted its position in shares of FlexShares Core Select Bond Fund by 3.7% during the fourth quarter. Occidental Asset Management LLC now owns 835,577 shares of the company’s stock valued at $18,688,000 after buying an additional 29,436 shares during the last quarter. Park National Corp OH lifted its position in shares of FlexShares Core Select Bond Fund by 54.9% during the first quarter. Park National Corp OH now owns 294,954 shares of the company’s stock valued at $6,559,000 after buying an additional 104,531 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of FlexShares Core Select Bond Fund by 6.7% in the 4th quarter. MML Investors Services LLC now owns 243,437 shares of the company’s stock valued at $5,444,000 after purchasing an additional 15,339 shares during the last quarter.

FlexShares Core Select Bond Fund Stock Performance

Shares of BNDC stock traded up $0.05 during mid-day trading on Thursday, hitting $22.11. 5,644 shares of the stock traded hands, compared to its average volume of 20,251. The stock’s fifty day moving average is $22.15 and its two-hundred day moving average is $22.35. FlexShares Core Select Bond Fund has a 52-week low of $21.70 and a 52-week high of $22.73.

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.