FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) Sees Significant Decline in Short Interest

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,194 shares, a drop of 65.4% from the September 15th total of 6,350 shares. Based on an average daily volume of 32,138 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Park National Corp OH purchased a new position in FlexShares Global Quality Real Estate Index Fund during the third quarter worth approximately $1,500,000. Boltwood Capital Management purchased a new stake in shares of FlexShares Global Quality Real Estate Index Fund during the 3rd quarter valued at $5,107,000. Envestnet Asset Management Inc. grew its stake in shares of FlexShares Global Quality Real Estate Index Fund by 103.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 67,928 shares of the company’s stock valued at $4,347,000 after buying an additional 34,578 shares during the period. Bank of America Corp DE increased its holdings in shares of FlexShares Global Quality Real Estate Index Fund by 4.5% during the 1st quarter. Bank of America Corp DE now owns 31,191 shares of the company’s stock worth $1,864,000 after buying an additional 1,347 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of FlexShares Global Quality Real Estate Index Fund during the 2nd quarter worth $1,566,000.

FlexShares Global Quality Real Estate Index Fund Stock Performance

FlexShares Global Quality Real Estate Index Fund stock traded up $0.10 during trading on Monday, hitting $59.33. The company’s stock had a trading volume of 49,334 shares, compared to its average volume of 18,963. The stock has a market capitalization of $444.97 million, a price-to-earnings ratio of 21.15 and a beta of 0.90. The stock’s fifty day moving average is $62.39 and its 200 day moving average is $63.34. FlexShares Global Quality Real Estate Index Fund has a 1-year low of $58.11 and a 1-year high of $67.49.

FlexShares Global Quality Real Estate Index Fund Company Profile

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.