FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 6,350 shares, a decline of 55.9% from the August 31st total of 14,410 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 82,921 shares, the days-to-cover ratio is presently 0.1 days.
FlexShares Global Quality Real Estate Index Fund Trading Down 0.2%
Shares of NYSEARCA GQRE traded down $0.14 during midday trading on Monday, hitting $60.04. The company’s stock had a trading volume of 17,766 shares, compared to its average volume of 18,982. The business’s 50 day moving average is $63.77 and its two-hundred day moving average is $63.50. FlexShares Global Quality Real Estate Index Fund has a 12-month low of $58.11 and a 12-month high of $67.49. The firm has a market cap of $441.29 million, a P/E ratio of 21.15 and a beta of 0.90.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of FlexShares Global Quality Real Estate Index Fund by 103.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 67,928 shares of the company’s stock worth $4,347,000 after purchasing an additional 34,578 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in FlexShares Global Quality Real Estate Index Fund in the second quarter valued at approximately $1,566,000. Dynamic Advisor Solutions LLC increased its stake in shares of FlexShares Global Quality Real Estate Index Fund by 7.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 169,600 shares of the company’s stock worth $10,854,000 after acquiring an additional 12,383 shares during the period. Boltwood Capital Management grew its position in FlexShares Global Quality Real Estate Index Fund by 1.5% during the 2nd quarter. Boltwood Capital Management now owns 84,852 shares of the company’s stock worth $5,430,000 after purchasing an additional 1,225 shares during the period. Finally, Bank of America Corp DE raised its position in FlexShares Global Quality Real Estate Index Fund by 4.5% during 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 in the last quarter.
About FlexShares Global Quality Real Estate Index Fund
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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