FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (NYSEARCA:TLTE) Sees Large Decline in Short Interest

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (NYSEARCA:TLTE) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 23,168 shares, a decline of 46.5% from the February 12th total of 43,324 shares. Based on an average trading volume of 11,799 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 11,799 shares, the days-to-cover ratio is presently 2.0 days.

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund Trading Down 2.7%

TLTE stock traded down $1.86 on Thursday, hitting $67.82. 8,296 shares of the company’s stock traded hands, compared to its average volume of 9,133. The stock has a market cap of $305.17 million, a price-to-earnings ratio of 12.06 and a beta of 0.65. The stock has a fifty day moving average of $69.69 and a 200-day moving average of $65.65. FlexShares Morningstar Emerging Markets Factor Tilt Index Fund has a 1-year low of $43.81 and a 1-year high of $74.85.

Hedge Funds Weigh In On FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in FlexShares Morningstar Emerging Markets Factor Tilt Index Fund by 8,924.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,617 shares of the company’s stock worth $137,000 after purchasing an additional 2,588 shares during the period. CoreCap Advisors LLC raised its stake in shares of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund by 26.9% during the 3rd quarter. CoreCap Advisors LLC now owns 1,625 shares of the company’s stock worth $103,000 after purchasing an additional 344 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in FlexShares Morningstar Emerging Markets Factor Tilt Index Fund in the second quarter valued at approximately $2,600,000.

About FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

The FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of equities from emerging market countries. The index underweights large-cap and growth stocks in favor of small-cap and value stocks. TLTE was launched on Sep 28, 2012 and is managed by FlexShares.