FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,385 shares, an increase of 145.4% from the September 30th total of 2,194 shares. Based on an average daily trading volume, of 17,588 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.
FlexShares Global Quality Real Estate Index Fund Price Performance
Shares of NYSEARCA GQRE traded up $0.07 during mid-day trading on Friday, reaching $61.01. 4,557 shares of the company’s stock traded hands, compared to its average volume of 22,737. The stock has a market cap of $427.04 million, a P/E ratio of 21.15 and a beta of 0.90. FlexShares Global Quality Real Estate Index Fund has a 1-year low of $58.11 and a 1-year high of $67.49. The business has a 50-day simple moving average of $61.14 and a 200 day simple moving average of $62.87.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Miller Howard Investments Inc. NY purchased a new stake in FlexShares Global Quality Real Estate Index Fund during the 3rd quarter valued at $449,000. NBT Bank N.A. purchased a new position in FlexShares Global Quality Real Estate Index Fund during the 3rd quarter valued at about $840,000. Park National Corp OH purchased a new position in shares of FlexShares Global Quality Real Estate Index Fund in the 3rd quarter worth about $1,500,000. Boltwood Capital Management purchased a new position in shares of FlexShares Global Quality Real Estate Index Fund in the third quarter worth $5,107,000. Finally, Envestnet Asset Management Inc. grew its position in 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 during the period.
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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