FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 5,575 shares, an increase of 1,273.2% from the December 31st total of 406 shares. Based on an average trading volume of 11,668 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 11,668 shares, the short-interest ratio is presently 0.5 days.
FlexShares Disciplined Duration MBS Index Fund Stock Performance
Shares of MBSD stock remained flat at $20.84 during mid-day trading on Tuesday. The company’s stock had a trading volume of 4,601 shares, compared to its average volume of 9,959. The firm’s 50-day moving average price is $20.82 and its two-hundred day moving average price is $20.79. FlexShares Disciplined Duration MBS Index Fund has a 12 month low of $20.21 and a 12 month high of $21.10.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Cottonwood Capital Advisors LLC boosted its holdings in shares of FlexShares Disciplined Duration MBS Index Fund by 2.3% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 360,192 shares of the company’s stock valued at $7,483,000 after acquiring an additional 8,161 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of FlexShares Disciplined Duration MBS Index Fund in the 4th quarter valued at $5,886,000. Bank of America Corp DE raised its position in FlexShares Disciplined Duration MBS Index Fund by 4.0% in the 3rd quarter. Bank of America Corp DE now owns 49,332 shares of the company’s stock valued at $1,029,000 after purchasing an additional 1,879 shares during the last quarter. Raymond James Financial Inc. boosted its stake 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 worth $828,000 after purchasing an additional 7,256 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in FlexShares Disciplined Duration MBS Index Fund by 15.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 33,012 shares of the company’s stock worth $689,000 after purchasing an additional 4,412 shares during the period.
FlexShares Disciplined Duration MBS Index Fund Company Profile
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.
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