FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) Sees Significant Drop in Short Interest

FlexShares Disciplined Duration MBS Index Fund (NYSEARCA:MBSD) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 5,444 shares, a decline of 38.8% from the September 30th total of 8,891 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 16,045 shares, the days-to-cover ratio is presently 0.3 days.

FlexShares Disciplined Duration MBS Index Fund Trading Up 0.3%

NYSEARCA MBSD opened at $20.23 on Friday. FlexShares Disciplined Duration MBS Index Fund has a 1 year low of $19.70 and a 1 year high of $21.06. The firm’s 50 day simple moving average is $20.09 and its 200 day simple moving average is $20.52.

Institutional Investors Weigh In On FlexShares Disciplined Duration MBS Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MGO One Seven LLC grew its position in shares of FlexShares Disciplined Duration MBS Index Fund by 5.9% in the 3rd quarter. MGO One Seven LLC now owns 351,221 shares of the company’s stock worth $6,981,000 after buying an additional 19,609 shares during the last quarter. Cottonwood Capital Advisors LLC lifted its holdings in shares of FlexShares Disciplined Duration MBS Index Fund by 4.5% in the third quarter. Cottonwood Capital Advisors LLC now owns 403,104 shares of the company’s stock valued at $8,012,000 after buying an additional 17,320 shares during the period. Titleist Asset Management LLC boosted its stake in FlexShares Disciplined Duration MBS Index Fund by 3.1% in the 3rd quarter. Titleist Asset Management LLC now owns 220,743 shares of the company’s stock worth $4,387,000 after purchasing an additional 6,689 shares during the period. Boltwood Capital Management acquired a new position in FlexShares Disciplined Duration MBS Index Fund during the third quarter valued at approximately $4,496,000. Finally, Bank of America Corp DE boosted its position in FlexShares Disciplined Duration MBS Index Fund by 5.8% during the 1st quarter. Bank of America Corp DE now owns 58,651 shares of the company’s stock worth $1,214,000 after acquiring an additional 3,235 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.