FlexShares US Quality Large Cap Index Fund (BATS:QLC – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 49,521 shares, a growth of 138.0% from the May 31st total of 20,807 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,275 shares, the short-interest ratio is presently 1.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA increased its holdings in shares of FlexShares US Quality Large Cap Index Fund by 8.4% in the fourth quarter. Private Trust Co. NA now owns 2,793 shares of the company’s stock valued at $226,000 after purchasing an additional 216 shares during the last quarter. Osaic Holdings Inc. boosted its stake in FlexShares US Quality Large Cap Index Fund by 130.3% during the second quarter. Osaic Holdings Inc. now owns 919 shares of the company’s stock worth $66,000 after buying an additional 520 shares during the last quarter. International Assets Investment Management LLC grew its holdings in FlexShares US Quality Large Cap Index Fund by 33.5% in the 1st quarter. International Assets Investment Management LLC now owns 2,270 shares of the company’s stock valued at $179,000 after buying an additional 570 shares in the last quarter. Royal Bank of Canada grew its holdings in FlexShares US Quality Large Cap Index Fund by 23.5% in the 4th quarter. Royal Bank of Canada now owns 4,778 shares of the company’s stock valued at $387,000 after buying an additional 908 shares in the last quarter. Finally, Victory Financial Group LLC increased its stake in shares of FlexShares US Quality Large Cap Index Fund by 14.5% in the 4th quarter. Victory Financial Group LLC now owns 11,318 shares of the company’s stock worth $917,000 after acquiring an additional 1,436 shares during the last quarter.
FlexShares US Quality Large Cap Index Fund Stock Performance
QLC opened at $88.11 on Monday. The firm has a market capitalization of $652.01 million, a PE ratio of 22.28 and a beta of 1.00. FlexShares US Quality Large Cap Index Fund has a twelve month low of $70.23 and a twelve month high of $90.88. The firm’s 50-day moving average price is $87.91 and its 200 day moving average price is $83.57.
About FlexShares US Quality Large Cap Index Fund
The FlexShares US Quality Large Cap Index Fund (QLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of the highest quality large-caps in the US market. QLC was launched on Sep 24, 2015 and is managed by FlexShares.
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