Short Interest in FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) Rises By 2,067.5%

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 114,400 shares, a growth of 2,067.5% from the April 15th total of 5,278 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 31,687 shares, the days-to-cover ratio is currently 3.6 days.

FlexShares Global Quality Real Estate Index Fund Stock Down 0.6%

NYSEARCA:GQRE traded down $0.41 on Wednesday, hitting $64.53. The stock had a trading volume of 5,671 shares, compared to its average volume of 16,723. The stock has a market cap of $377.49 million, a price-to-earnings ratio of 21.15 and a beta of 0.93. The company has a fifty day moving average price of $62.56 and a two-hundred day moving average price of $61.41. FlexShares Global Quality Real Estate Index Fund has a 1-year low of $57.47 and a 1-year high of $65.47.

Hedge Funds Weigh In On FlexShares Global Quality Real Estate Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its holdings in FlexShares Global Quality Real Estate Index Fund by 28.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,837 shares of the company’s stock valued at $108,000 after purchasing an additional 409 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in FlexShares Global Quality Real Estate Index Fund in the 4th quarter valued at about $223,000. Smartleaf Asset Management LLC acquired a new position in FlexShares Global Quality Real Estate Index Fund in the 3rd quarter valued at about $478,000. MML Investors Services LLC boosted its holdings in FlexShares Global Quality Real Estate Index Fund by 11.5% in the 4th quarter. MML Investors Services LLC now owns 9,626 shares of the company’s stock valued at $567,000 after purchasing an additional 990 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in FlexShares Global Quality Real Estate Index Fund in the 4th quarter valued at about $569,000.

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.