FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) Sees Significant Increase in Short Interest

FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 213,940 shares, a growth of 113.5% from the September 30th total of 100,219 shares. Based on an average daily trading volume, of 57,116 shares, the short-interest ratio is currently 3.7 days. Currently, 0.6% of the shares of the company are short sold.

FlexShares International Quality Dividend Index Fund Stock Down 1.3%

Shares of IQDF traded down $0.43 during trading hours on Friday, reaching $33.64. 42,348 shares of the company traded hands, compared to its average volume of 71,311. The stock has a market capitalization of $1.12 billion, a PE ratio of 11.37 and a beta of 0.70. FlexShares International Quality Dividend Index Fund has a fifty-two week low of $28.68 and a fifty-two week high of $36.52. The stock has a fifty day simple moving average of $34.96 and a 200 day simple moving average of $33.97.

Institutional Investors Weigh In On FlexShares International Quality Dividend Index Fund

Institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH lifted its position in shares of FlexShares International Quality Dividend Index Fund by 8.1% during the 1st quarter. Keybank National Association OH now owns 3,092,929 shares of the company’s stock valued at $97,953,000 after buying an additional 232,724 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of FlexShares International Quality Dividend Index Fund by 14.3% in the first quarter. Bank of New York Mellon Corp now owns 859,058 shares of the company’s stock worth $27,206,000 after purchasing an additional 107,281 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of FlexShares International Quality Dividend Index Fund by 4.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 606,604 shares of the company’s stock valued at $20,964,000 after buying an additional 27,609 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of FlexShares International Quality Dividend Index Fund by 45.6% in the first quarter. Wealthfront Advisers LLC now owns 137,173 shares of the company’s stock valued at $4,344,000 after purchasing an additional 42,991 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of FlexShares International Quality Dividend Index Fund by 40.9% during the 1st quarter. Bank of America Corp DE now owns 111,998 shares of the company’s stock worth $3,547,000 after acquiring an additional 32,501 shares during the period.

FlexShares International Quality Dividend Index Fund Company Profile

The FlexShares International Quality Dividend Index Fund (IQDF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of non-US companies from developed and emerging markets selected by dividend payments and other fundamentals. The index aims for market-like risk. IQDF was launched on Apr 12, 2013 and is managed by FlexShares.