FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 85,469 shares, a growth of 76.4% from the May 14th total of 48,445 shares. Based on an average daily trading volume, of 22,335 shares, the days-to-cover ratio is presently 3.8 days. Approximately 1.5% of the shares of the company are sold short.
Hedge Funds Weigh In On FlexShares Global Quality Real Estate Index Fund
Several large investors have recently made changes to their positions in GQRE. Jane Street Group LLC grew its holdings in FlexShares Global Quality Real Estate Index Fund by 247.3% in the 1st quarter. Jane Street Group LLC now owns 27,813 shares of the company’s stock valued at $1,612,000 after buying an additional 19,804 shares during the last quarter. Tcfg Wealth Management LLC acquired a new position in shares of FlexShares Global Quality Real Estate Index Fund during the third quarter worth approximately $713,000. Goldman Sachs Group Inc. acquired a new position in shares of FlexShares Global Quality Real Estate Index Fund during the fourth quarter worth approximately $223,000. Bank of America Corp DE boosted its position in shares of FlexShares Global Quality Real Estate Index Fund by 4.5% in the first quarter. Bank of America Corp DE now owns 31,191 shares of the company’s stock valued at $1,864,000 after acquiring an additional 1,347 shares during the period. Finally, Wealthspire Retirement LLC boosted its position in shares of FlexShares Global Quality Real Estate Index Fund by 18.1% in the first quarter. Wealthspire Retirement LLC now owns 51,658 shares of the company’s stock valued at $3,086,000 after acquiring an additional 7,923 shares during the period.
FlexShares Global Quality Real Estate Index Fund Price Performance
FlexShares Global Quality Real Estate Index Fund stock opened at $64.65 on Wednesday. FlexShares Global Quality Real Estate Index Fund has a fifty-two week low of $58.11 and a fifty-two week high of $65.47. The firm has a fifty day moving average price of $63.94 and a two-hundred day moving average price of $62.14. The firm has a market cap of $378.20 million, a price-to-earnings ratio of 21.15 and a beta of 0.91.
FlexShares Global Quality Real Estate Index Fund Company Profile
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.
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