FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,923 shares, a decrease of 96.6% from the May 31st total of 85,469 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,733 shares, the days-to-cover ratio is currently 0.5 days.
FlexShares Global Quality Real Estate Index Fund Price Performance
NYSEARCA:GQRE traded up $0.17 during midday trading on Thursday, reaching $64.09. 16,369 shares of the company traded hands, compared to its average volume of 16,263. FlexShares Global Quality Real Estate Index Fund has a twelve month low of $58.11 and a twelve month high of $65.47. The firm has a market capitalization of $374.93 million, a price-to-earnings ratio of 21.15 and a beta of 0.91. The company has a fifty day moving average price of $64.09 and a 200 day moving average price of $62.29.
Institutional Investors Weigh In On FlexShares Global Quality Real Estate Index Fund
Hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC boosted its holdings in shares of 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 valued at $108,000 after acquiring an additional 409 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of FlexShares Global Quality Real Estate Index Fund in the 4th quarter worth about $223,000. MML Investors Services LLC lifted its position in FlexShares Global Quality Real Estate Index Fund by 11.5% in the 4th quarter. MML Investors Services LLC now owns 9,626 shares of the company’s stock valued at $567,000 after purchasing an additional 990 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in FlexShares Global Quality Real Estate Index Fund in the 4th quarter valued at about $569,000. Finally, Diversify Wealth Management LLC acquired a new position in FlexShares Global Quality Real Estate Index Fund during the 1st quarter valued at about $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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