FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 48,445 shares, a drop of 57.7% from the April 30th total of 114,400 shares. Based on an average daily volume of 24,421 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.8% of the company’s stock are short sold.
FlexShares Global Quality Real Estate Index Fund Stock Performance
GQRE stock traded down $0.23 during midday trading on Friday, reaching $64.20. 23,455 shares of the company were exchanged, compared to its average volume of 17,583. FlexShares Global Quality Real Estate Index Fund has a 1-year low of $58.11 and a 1-year high of $65.47. The stock’s 50-day simple moving average is $62.92 and its 200 day simple moving average is $61.80. The company has a market cap of $375.57 million, a price-to-earnings ratio of 21.15 and a beta of 0.93.
Institutional Trading of FlexShares Global Quality Real Estate Index Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC raised its holdings in FlexShares Global Quality Real Estate Index Fund by 28.6% during the fourth 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 in the last quarter. Goldman Sachs Group Inc. acquired a new stake in FlexShares Global Quality Real Estate Index Fund during the fourth quarter worth approximately $223,000. Smartleaf Asset Management LLC acquired a new stake in FlexShares Global Quality Real Estate Index Fund during the third quarter worth approximately $478,000. Diversify Advisory Services LLC acquired a new stake in FlexShares Global Quality Real Estate Index Fund during the fourth quarter worth approximately $569,000. Finally, Diversify Wealth Management LLC acquired a new stake in FlexShares Global Quality Real Estate Index Fund during the first quarter worth approximately $589,000.
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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