FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Short Interest Update

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 26,586 shares, a growth of 26.3% from the February 26th total of 21,050 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 13,532 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On FlexShares Quality Dividend Defensive Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in FlexShares Quality Dividend Defensive Index Fund by 32,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 322 shares of the company’s stock worth $26,000 after purchasing an additional 321 shares during the period. Laurel Wealth Advisors LLC acquired a new position in FlexShares Quality Dividend Defensive Index Fund during the fourth quarter valued at approximately $39,000. Security National Bank acquired a new position in FlexShares Quality Dividend Defensive Index Fund during the fourth quarter valued at approximately $40,000. Grey Fox Wealth Advisors LLC bought a new position in shares of FlexShares Quality Dividend Defensive Index Fund in the third quarter valued at approximately $47,000. Finally, Nova Wealth Management Inc. lifted its position in FlexShares Quality Dividend Defensive Index Fund by 72.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 794 shares of the company’s stock worth $64,000 after acquiring an additional 333 shares during the last quarter.

FlexShares Quality Dividend Defensive Index Fund Price Performance

NYSEARCA:QDEF traded down $0.26 during trading hours on Monday, reaching $77.97. The company’s stock had a trading volume of 4,976 shares, compared to its average volume of 11,524. The company has a market cap of $477.18 million, a price-to-earnings ratio of 20.05 and a beta of 0.85. FlexShares Quality Dividend Defensive Index Fund has a one year low of $61.61 and a one year high of $84.60. The business’s 50-day moving average is $82.24 and its 200-day moving average is $81.12.

FlexShares Quality Dividend Defensive Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 20th were paid a dividend of $0.2011 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, March 20th.

FlexShares Quality Dividend Defensive Index Fund Company Profile

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.