FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 21,273 shares, a growth of 627.8% from the June 15th total of 2,923 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,557 shares, the days-to-cover ratio is presently 1.7 days.
Hedge Funds Weigh In On FlexShares Global Quality Real Estate Index Fund
A number of large investors have recently added to or reduced their stakes in the stock. Studio Investment Management LLC lifted its holdings in FlexShares Global Quality Real Estate Index Fund by 1.6% during the fourth quarter. Studio Investment Management LLC now owns 19,932 shares of the company’s stock valued at $1,173,000 after purchasing an additional 320 shares in the last quarter. Fermata Advisors LLC increased its stake in shares of FlexShares Global Quality Real Estate Index Fund by 1.9% during the fourth quarter. Fermata Advisors LLC now owns 20,930 shares of the company’s stock worth $1,232,000 after purchasing an additional 382 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of FlexShares Global Quality Real Estate Index Fund by 28.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,837 shares of the company’s stock worth $108,000 after purchasing an additional 409 shares during the last quarter. Wealthspire Retirement LLC raised its position in shares of FlexShares Global Quality Real Estate Index Fund by 1.7% during the 4th quarter. Wealthspire Retirement LLC now owns 43,735 shares of the company’s stock worth $2,574,000 after purchasing an additional 746 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of FlexShares Global Quality Real Estate Index Fund by 11.5% during the 4th quarter. MML Investors Services LLC now owns 9,626 shares of the company’s stock worth $567,000 after purchasing an additional 990 shares during the last quarter.
FlexShares Global Quality Real Estate Index Fund Stock Down 0.0%
Shares of GQRE stock traded down $0.02 during trading hours on Monday, hitting $64.57. 10,347 shares of the company’s stock were exchanged, compared to its average volume of 15,617. 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 market cap of $413.25 million, a P/E ratio of 21.15 and a beta of 0.91. The firm has a 50 day moving average of $64.21 and a two-hundred day moving average of $62.67.
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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