Short Interest in FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Decreases By 58.9%

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,959 shares, a decline of 58.9% from the June 30th total of 7,193 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 7,483 shares, the days-to-cover ratio is presently 0.4 days.

FlexShares Disciplined Duration MBS Index Fund Stock Up 0.2%

FlexShares Disciplined Duration MBS Index Fund stock traded up $0.04 during midday trading on Tuesday, hitting $20.46. 3,116 shares of the stock were exchanged, compared to its average volume of 10,533. FlexShares Disciplined Duration MBS Index Fund has a 52-week low of $20.34 and a 52-week high of $21.10. The business’s 50-day moving average price is $20.55 and its 200-day moving average price is $20.69.

Hedge Funds Weigh In On FlexShares Disciplined Duration MBS Index Fund

Several hedge funds have recently modified their holdings of MBSD. Jane Street Group LLC boosted its stake in shares of FlexShares Disciplined Duration MBS Index Fund by 306.8% in the 2nd quarter. Jane Street Group LLC now owns 93,333 shares of the company’s stock worth $1,932,000 after buying an additional 70,389 shares during the last quarter. Bank of America Corp DE lifted its holdings in 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 worth $982,000 after acquiring an additional 11,357 shares during the period. Raymond James Financial Inc. lifted its holdings in FlexShares Disciplined Duration MBS Index Fund by 22.4% during the third quarter. Raymond James Financial Inc. now owns 39,717 shares of the company’s stock worth $828,000 after acquiring an additional 7,256 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in FlexShares Disciplined Duration MBS Index Fund in the fourth quarter worth $5,886,000. Finally, Cottonwood Capital Advisors LLC boosted its position in 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 worth $7,483,000 after purchasing an additional 8,161 shares during the last quarter.

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.