Short Interest in FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Rises By 37.7%

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 4,518 shares, an increase of 37.7% from the February 12th total of 3,280 shares. Based on an average daily trading volume, of 6,495 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,495 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On FlexShares Disciplined Duration MBS Index Fund

Hedge funds have recently modified their holdings of the company. Leuthold Group LLC bought a new position in FlexShares Disciplined Duration MBS Index Fund in the 4th quarter worth $276,000. LPL Financial LLC boosted its position in shares of FlexShares Disciplined Duration MBS Index Fund by 30.4% in the 4th quarter. LPL Financial LLC now owns 30,497 shares of the company’s stock worth $634,000 after purchasing an additional 7,114 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of FlexShares Disciplined Duration MBS Index Fund by 15.4% in the third quarter. Jones Financial Companies Lllp now owns 33,012 shares of the company’s stock worth $689,000 after acquiring an additional 4,412 shares during the last quarter. Raymond James Financial Inc. grew its position in 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. Finally, Bank of America Corp DE increased its position in shares of FlexShares Disciplined Duration MBS Index Fund by 31.5% during the second quarter. Bank of America Corp DE now owns 47,453 shares of the company’s stock valued at $982,000 after acquiring an additional 11,357 shares in the last quarter.

FlexShares Disciplined Duration MBS Index Fund Stock Performance

Shares of FlexShares Disciplined Duration MBS Index Fund stock traded down $0.02 on Friday, hitting $20.69. 7,558 shares of the company traded hands, compared to its average volume of 8,889. FlexShares Disciplined Duration MBS Index Fund has a 12-month low of $20.21 and a 12-month high of $21.10. The firm’s 50-day simple moving average is $20.86 and its 200 day simple moving average is $20.86.

FlexShares Disciplined Duration MBS Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0631 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.