FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) Stock Short Interest Drops 55.9%

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 6,350 shares, a decrease of 55.9% from the August 31st total of 14,410 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 82,921 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Diversify Wealth Management LLC acquired a new stake in shares of FlexShares Global Quality Real Estate Index Fund during the first quarter valued at about $589,000. Corient Private Wealth LLC purchased a new position in shares of FlexShares Global Quality Real Estate Index Fund during the 4th quarter worth approximately $1,064,000. Valeo Financial Advisors LLC purchased a new position in shares of FlexShares Global Quality Real Estate Index Fund during the 2nd quarter worth approximately $1,566,000. Bank of America Corp DE increased its holdings in FlexShares Global Quality Real Estate Index Fund by 4.5% in the 1st quarter. Bank of America Corp DE now owns 31,191 shares of the company’s stock valued at $1,864,000 after purchasing an additional 1,347 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in FlexShares Global Quality Real Estate Index Fund by 29.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 32,005 shares of the company’s stock valued at $1,884,000 after purchasing an additional 7,278 shares during the last quarter.

FlexShares Global Quality Real Estate Index Fund Stock Performance

Shares of NYSEARCA GQRE traded down $0.19 during mid-day trading on Wednesday, reaching $59.64. 3,247 shares of the company’s stock were exchanged, compared to its average volume of 18,964. The firm has a market capitalization of $438.36 million, a price-to-earnings ratio of 21.15 and a beta of 0.90. FlexShares Global Quality Real Estate Index Fund has a 52-week low of $58.11 and a 52-week high of $67.49. The company’s 50-day moving average is $63.53 and its 200-day moving average is $63.46.

About FlexShares Global Quality Real Estate Index Fund

The FlexShares Global Quality Real Estate Index Fund (GQRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a global index of non-mortgage REITs and operating companies, selected and weighted by quality, momentum and value. GQRE was launched on Nov 6, 2013 and is managed by FlexShares.