FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sees Large Drop in Short Interest

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 8,436 shares, a drop of 36.4% from the July 15th total of 13,254 shares. Based on an average daily trading volume, of 19,459 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

FlexShares Quality Dividend Index Fund Stock Down 0.2%

Shares of NYSEARCA:QDF traded down $0.14 on Tuesday, reaching $92.69. The company had a trading volume of 22,486 shares, compared to its average volume of 27,824. The stock has a market capitalization of $2.27 billion, a P/E ratio of 21.14 and a beta of 0.91. The stock has a 50-day moving average price of $90.48 and a 200 day moving average price of $86.16. FlexShares Quality Dividend Index Fund has a twelve month low of $76.09 and a twelve month high of $93.89.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in FlexShares Quality Dividend Index Fund in the 4th quarter worth approximately $80,000. Wealth Enhancement Trust Services Inc. acquired a new position in FlexShares Quality Dividend Index Fund during the fourth quarter valued at approximately $111,000. CoreCap Advisors LLC grew its holdings in FlexShares Quality Dividend Index Fund by 17.6% during the second quarter. CoreCap Advisors LLC now owns 1,284 shares of the company’s stock valued at $115,000 after purchasing an additional 192 shares during the last quarter. IFP Advisors Inc raised its position in shares of FlexShares Quality Dividend Index Fund by 64.5% in the fourth quarter. IFP Advisors Inc now owns 1,614 shares of the company’s stock valued at $130,000 after purchasing an additional 633 shares during the period. Finally, Cambient Family Office LLC bought a new position in shares of FlexShares Quality Dividend Index Fund in the fourth quarter valued at approximately $169,000.

About FlexShares Quality Dividend Index Fund

The FlexShares Quality Dividend Index Fund (QDF) is an exchange-traded fund that is based on the Northern Trust Quality Dividend index. The fund tracks an index of companies deemed to have secure dividends that matches the beta of the Northern Trust 1250 Index. QDF was launched on Dec 14, 2012 and is managed by FlexShares.