FlexShares US Quality Large Cap Index Fund (BATS:QLC) Sees Large Growth in Short Interest

FlexShares US Quality Large Cap Index Fund (BATS:QLC) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 47,026 shares, an increase of 110.3% from the September 15th total of 22,359 shares. Based on an average daily volume of 99,221 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of QLC. Envestnet Asset Management Inc. grew its stake in shares of FlexShares US Quality Large Cap Index Fund by 4.2% in the second quarter. Envestnet Asset Management Inc. now owns 878,979 shares of the company’s stock valued at $78,994,000 after buying an additional 35,030 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of FlexShares US Quality Large Cap Index Fund by 67.4% during the 1st quarter. Cetera Investment Advisers now owns 109,561 shares of the company’s stock valued at $8,563,000 after buying an additional 44,119 shares during the period. Advantage Trust Co acquired a new position in FlexShares US Quality Large Cap Index Fund during the 1st quarter worth approximately $2,966,000. IFP Advisors Inc acquired a new position in FlexShares US Quality Large Cap Index Fund during the 2nd quarter worth approximately $1,992,000. Finally, World Investment Advisors acquired a new position in FlexShares US Quality Large Cap Index Fund during the 1st quarter worth approximately $1,151,000.

FlexShares US Quality Large Cap Index Fund Trading Down 1.0%

Shares of FlexShares US Quality Large Cap Index Fund stock opened at $91.39 on Thursday. FlexShares US Quality Large Cap Index Fund has a twelve month low of $75.75 and a twelve month high of $94.07. The stock has a market cap of $676.29 million, a price-to-earnings ratio of 22.28 and a beta of 1.00. The company has a fifty day moving average price of $92.33 and a 200 day moving average price of $89.19.

FlexShares US Quality Large Cap Index Fund Company Profile

The FlexShares US Quality Large Cap Index Fund (QLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of the highest quality large-caps in the US market. QLC was launched on Sep 24, 2015 and is managed by FlexShares.