FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 27,044 shares, a growth of 90.5% from the April 15th total of 14,195 shares. Based on an average daily volume of 28,266 shares, the short-interest ratio is currently 1.0 days. Currently, 1.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On FlexShares US Quality Low Volatility Index Fund
Several institutional investors have recently added to or reduced their stakes in QLV. Bank of America Corp DE raised its stake in shares of FlexShares US Quality Low Volatility Index Fund by 39.6% in the second quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock worth $26,667,000 after acquiring an additional 110,994 shares during the last quarter. Rossby Financial LCC bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the fourth quarter worth about $1,161,000. Goldman Sachs Group Inc. bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the first quarter worth about $694,000. Bank of New York Mellon Corp bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the first quarter worth about $424,000. Finally, Cetera Investment Advisers bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter worth about $342,000.
FlexShares US Quality Low Volatility Index Fund Trading Down 0.5%
QLV stock traded down $0.38 during trading on Friday, hitting $75.37. 1,638 shares of the stock traded hands, compared to its average volume of 15,601. FlexShares US Quality Low Volatility Index Fund has a one year low of $66.00 and a one year high of $75.78. The stock has a market cap of $171.84 million, a price-to-earnings ratio of 21.43 and a beta of 0.71. The company has a 50 day simple moving average of $73.37 and a 200 day simple moving average of $73.01.
About FlexShares US Quality Low Volatility Index Fund
The FlexShares US Quality Low Volatility Index Fund (QLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, market-cap-weighted index of US large- and mid-cap equities. QLV was launched on Jul 15, 2019 and is managed by FlexShares.
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