FlexShares US Quality Large Cap Index Fund (BATS:QLC – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 20,807 shares, a drop of 59.3% from the May 14th total of 51,162 shares. Based on an average daily trading volume, of 36,369 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On FlexShares US Quality Large Cap Index Fund
A number of institutional investors and hedge funds have recently made changes to their positions in QLC. Cerity Partners LLC purchased a new position in shares of FlexShares US Quality Large Cap Index Fund in the 2nd quarter worth $385,000. Raymond James Financial Inc. purchased a new position in shares of FlexShares US Quality Large Cap Index Fund in the 2nd quarter worth $159,000. Osaic Holdings Inc. grew its stake in shares of FlexShares US Quality Large Cap Index Fund by 130.3% in the 2nd quarter. Osaic Holdings Inc. now owns 919 shares of the company’s stock worth $66,000 after buying an additional 520 shares in the last quarter. First Heartland Consultants Inc. grew its stake in shares of FlexShares US Quality Large Cap Index Fund by 16.6% in the 3rd quarter. First Heartland Consultants Inc. now owns 3,305 shares of the company’s stock worth $258,000 after buying an additional 470 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new position in shares of FlexShares US Quality Large Cap Index Fund in the 3rd quarter worth $267,000.
FlexShares US Quality Large Cap Index Fund Stock Up 0.6%
Shares of BATS:QLC opened at $89.07 on Friday. FlexShares US Quality Large Cap Index Fund has a 52 week low of $68.25 and a 52 week high of $90.88. The stock has a market capitalization of $659.12 million, a P/E ratio of 22.28 and a beta of 1.00. The firm has a fifty day simple moving average of $86.31 and a two-hundred day simple moving average of $82.95.
About FlexShares US Quality Large Cap Index Fund
The FlexShares US Quality Large Cap Index Fund (QLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of the highest quality large-caps in the US market. QLC was launched on Sep 24, 2015 and is managed by FlexShares.
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