FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Shares Shorted: Short Interest Up 2,726.6% in October

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,505 shares, a growth of 2,726.6% from the October 15th total of 124 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 20,097 shares, the days-to-cover ratio is presently 0.2 days.

FlexShares Core Select Bond Fund Price Performance

FlexShares Core Select Bond Fund stock traded down $0.16 during trading on Tuesday, reaching $21.36. The company had a trading volume of 12,561 shares, compared to its average volume of 18,732. FlexShares Core Select Bond Fund has a 1-year low of $20.95 and a 1-year high of $23.74. The firm’s 50-day simple moving average is $21.35 and its 200 day simple moving average is $21.93.

Institutional Investors Weigh In On FlexShares Core Select Bond Fund

A number of large investors have recently modified their holdings of BNDC. Harbour Investments Inc. acquired a new stake in shares of FlexShares Core Select Bond Fund in the third quarter valued at approximately $88,000. Fifth Third Bancorp acquired a new position in FlexShares Core Select Bond Fund in the first quarter valued at about $100,000. Citadel Advisors LLC acquired a new position in shares of FlexShares Core Select Bond Fund in the 2nd quarter worth approximately $390,000. ROI Financial Advisors LLC lifted its stake in FlexShares Core Select Bond Fund by 4.0% during the first quarter. ROI Financial Advisors LLC now owns 27,100 shares of the company’s stock worth $603,000 after purchasing an additional 1,041 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in FlexShares Core Select Bond Fund during the 3rd quarter valued at about $828,000.

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.