FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Short Interest Down 37.9% in January

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 21,319 shares, a drop of 37.9% from the January 15th total of 34,305 shares. Based on an average daily trading volume, of 10,905 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 10,905 shares, the days-to-cover ratio is presently 2.0 days.

FlexShares Quality Dividend Defensive Index Fund Price Performance

FlexShares Quality Dividend Defensive Index Fund stock traded up $0.14 during midday trading on Friday, hitting $82.90. 4,695 shares of the company were exchanged, compared to its average volume of 11,853. The company has a market cap of $507.35 million, a PE ratio of 20.05 and a beta of 0.85. FlexShares Quality Dividend Defensive Index Fund has a fifty-two week low of $61.61 and a fifty-two week high of $84.60. The company’s fifty day moving average price is $82.00 and its 200-day moving average price is $80.14.

Hedge Funds Weigh In On FlexShares Quality Dividend Defensive Index Fund

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of FlexShares Quality Dividend Defensive Index Fund by 87.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,049 shares of the company’s stock worth $85,000 after buying an additional 488 shares during the last quarter. Susquehanna International Group LLP acquired a new position in FlexShares Quality Dividend Defensive Index Fund during the 3rd quarter worth $477,000. Northwestern Mutual Wealth Management Co. increased its position in shares of FlexShares Quality Dividend Defensive Index Fund by 12.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 55,669 shares of the company’s stock worth $4,453,000 after purchasing an additional 5,997 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of FlexShares Quality Dividend Defensive Index Fund by 77.2% in the 3rd quarter. Citadel Advisors LLC now owns 10,052 shares of the company’s stock valued at $804,000 after purchasing an additional 4,379 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of FlexShares Quality Dividend Defensive Index Fund by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,616 shares of the company’s stock valued at $689,000 after purchasing an additional 427 shares in the last quarter.

About FlexShares Quality Dividend Defensive Index Fund

The FlexShares Quality Dividend Defensive Index Fund (QDEF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of companies with higher dividend yields and lower betas chosen from the Northern Trust 1250 Index. QDEF was launched on Dec 14, 2012 and is managed by FlexShares.