FlexShares Core Select Bond Fund (NYSEARCA:BNDC) Short Interest Up 1,364.8% in March

FlexShares Core Select Bond Fund (NYSEARCA:BNDC) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 133,997 shares, a growth of 1,364.8% from the February 26th total of 9,148 shares. Based on an average trading volume of 59,020 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.0% of the company’s shares are sold short. Approximately 2.0% of the company’s shares are sold short. Based on an average trading volume of 59,020 shares, the days-to-cover ratio is currently 2.3 days.

FlexShares Core Select Bond Fund Stock Performance

Shares of BNDC stock opened at $22.10 on Wednesday. FlexShares Core Select Bond Fund has a 1 year low of $21.61 and a 1 year high of $22.73. The stock’s 50 day simple moving average is $22.43 and its two-hundred day simple moving average is $22.48.

FlexShares Core Select Bond Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, March 6th were given a dividend of $0.0697 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Institutional Trading of FlexShares Core Select Bond Fund

Institutional investors have recently bought and sold shares of the stock. GeoWealth Management LLC purchased a new position in FlexShares Core Select Bond Fund during the third quarter worth $29,000. Wealth Watch Advisors INC purchased a new stake in shares of FlexShares Core Select Bond Fund in the fourth quarter valued at $38,000. CX Institutional purchased a new stake in shares of FlexShares Core Select Bond Fund in the third quarter valued at $98,000. First Heartland Consultants Inc. bought a new stake in shares of FlexShares Core Select Bond Fund in the 3rd quarter worth about $254,000. Finally, WealthPlan Investment Management LLC bought a new stake in shares of FlexShares Core Select Bond Fund in the 4th quarter worth about $278,000.

FlexShares Core Select Bond Fund Company Profile

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.