FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,142 shares, a drop of 72.1% from the August 15th total of 4,090 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of FlexShares Quality Dividend Defensive Index Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of FlexShares Quality Dividend Defensive Index Fund in the 2nd quarter valued at about $515,000. Ameritas Advisory Services LLC raised its holdings in shares of FlexShares Quality Dividend Defensive Index Fund by 73.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 10,258 shares of the company’s stock valued at $893,000 after purchasing an additional 4,341 shares during the period. Anson Capital Inc. lifted its stake in FlexShares Quality Dividend Defensive Index Fund by 11.5% in the 2nd quarter. Anson Capital Inc. now owns 20,126 shares of the company’s stock valued at $1,751,000 after purchasing an additional 2,079 shares during the last quarter. Kaydan Wealth Management Inc. grew its holdings in FlexShares Quality Dividend Defensive Index Fund by 2.6% during the second quarter. Kaydan Wealth Management Inc. now owns 11,827 shares of the company’s stock worth $1,029,000 after purchasing an additional 299 shares during the period. Finally, RVW Wealth LLC grew its holdings in FlexShares Quality Dividend Defensive Index Fund by 9.2% during the second quarter. RVW Wealth LLC now owns 88,065 shares of the company’s stock worth $7,664,000 after purchasing an additional 7,403 shares during the period.
FlexShares Quality Dividend Defensive Index Fund Trading Up 0.7%
Shares of NYSEARCA:QDEF traded up $0.62 during trading on Friday, hitting $90.53. 4,788 shares of the company were exchanged, compared to its average volume of 9,090. FlexShares Quality Dividend Defensive Index Fund has a fifty-two week low of $77.96 and a fifty-two week high of $91.97. The stock has a market cap of $556.76 million, a price-to-earnings ratio of 20.05 and a beta of 0.82. The firm has a fifty day moving average price of $89.89 and a two-hundred day moving average price of $86.29.
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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