FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sees Significant Drop in Short Interest

FlexShares Quality Dividend Index Fund (NYSEARCA:QDFGet Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 8,436 shares, a drop of 36.4% from the July 15th total of 13,254 shares. Based on an average daily trading volume, of 19,459 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of FlexShares Quality Dividend Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in FlexShares Quality Dividend Index Fund by 66.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 96,561 shares of the company’s stock valued at $6,601,000 after buying an additional 38,512 shares during the last quarter. Jane Street Group LLC grew its holdings in FlexShares Quality Dividend Index Fund by 82.9% during the 1st quarter. Jane Street Group LLC now owns 9,789 shares of the company’s stock worth $669,000 after acquiring an additional 4,437 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in FlexShares Quality Dividend Index Fund by 475.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 717,441 shares of the company’s stock worth $52,502,000 after acquiring an additional 592,774 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in FlexShares Quality Dividend Index Fund in the 2nd quarter valued at approximately $198,000. Finally, Betterment LLC acquired a new position in FlexShares Quality Dividend Index Fund in the 3rd quarter valued at approximately $209,000.

FlexShares Quality Dividend Index Fund Stock Performance

NYSEARCA QDF opened at $92.58 on Thursday. The firm’s fifty day moving average price is $90.60 and its two-hundred day moving average price is $86.23. The stock has a market cap of $2.26 billion, a PE ratio of 21.14 and a beta of 0.91. FlexShares Quality Dividend Index Fund has a fifty-two week low of $76.09 and a fifty-two week high of $93.89.

About FlexShares Quality Dividend Index Fund

(Get Free Report)

The FlexShares Quality Dividend Index Fund (QDF) is an exchange-traded fund that is based on the Northern Trust Quality Dividend index. The fund tracks an index of companies deemed to have secure dividends that matches the beta of the Northern Trust 1250 Index. QDF was launched on Dec 14, 2012 and is managed by FlexShares.

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