FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 8,566 shares, an increase of 146.7% from the June 15th total of 3,472 shares. Based on an average daily trading volume, of 17,568 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Investors Weigh In On FlexShares Quality Dividend Defensive Index Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp increased its holdings in shares of FlexShares Quality Dividend Defensive Index Fund by 0.4% in the 4th quarter. Northern Trust Corp now owns 3,360,994 shares of the company’s stock worth $272,106,000 after buying an additional 13,741 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of FlexShares Quality Dividend Defensive Index Fund by 4.4% during the 4th quarter. LPL Financial LLC now owns 175,605 shares of the company’s stock worth $14,217,000 after acquiring an additional 7,349 shares during the last quarter. Bank of America Corp DE grew its position in FlexShares Quality Dividend Defensive Index Fund by 9.6% in the first quarter. Bank of America Corp DE now owns 91,409 shares of the company’s stock worth $7,296,000 after acquiring an additional 8,023 shares in the last quarter. RVW Wealth LLC grew its position in FlexShares Quality Dividend Defensive Index Fund by 9.2% in the second quarter. RVW Wealth LLC now owns 88,065 shares of the company’s stock worth $7,664,000 after acquiring an additional 7,403 shares in the last quarter. Finally, Sloy Dahl & Holst LLC grew its position in FlexShares Quality Dividend Defensive Index Fund by 2.9% in the fourth quarter. Sloy Dahl & Holst LLC now owns 70,627 shares of the company’s stock worth $5,718,000 after acquiring an additional 2,003 shares in the last quarter.
FlexShares Quality Dividend Defensive Index Fund Price Performance
NYSEARCA QDEF traded up $0.39 during trading on Thursday, reaching $88.62. The company’s stock had a trading volume of 5,668 shares, compared to its average volume of 9,972. The firm has a fifty day moving average of $87.01 and a 200 day moving average of $83.97. FlexShares Quality Dividend Defensive Index Fund has a one year low of $74.38 and a one year high of $88.34. The stock has a market capitalization of $545.02 million, a PE ratio of 20.05 and a beta of 0.83.
About FlexShares Quality Dividend Defensive Index Fund
The FlexShares Quality Dividend Defensive Index Fund (QDEF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of companies with higher dividend yields and lower betas chosen from the Northern Trust 1250 Index. QDEF was launched on Dec 14, 2012 and is managed by FlexShares.
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