FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sees Significant Decline in Short Interest

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,987 shares, a decline of 46.8% from the September 15th total of 5,618 shares. Based on an average daily trading volume, of 31,518 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of FlexShares Quality Dividend Index Fund

A number of institutional investors have recently bought and sold shares of the stock. Keybank National Association OH boosted its stake in FlexShares Quality Dividend Index Fund by 1.4% during the first quarter. Keybank National Association OH now owns 547,452 shares of the company’s stock worth $43,298,000 after buying an additional 7,532 shares during the period. Bank of New York Mellon Corp raised its stake in shares of FlexShares Quality Dividend Index Fund by 17.6% in the first quarter. Bank of New York Mellon Corp now owns 426,191 shares of the company’s stock valued at $33,707,000 after acquiring an additional 63,830 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of FlexShares Quality Dividend Index Fund by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 326,259 shares of the company’s stock valued at $29,337,000 after acquiring an additional 8,322 shares during the period. Bank of America Corp DE lifted its holdings in shares of FlexShares Quality Dividend Index Fund by 20.4% in the 1st quarter. Bank of America Corp DE now owns 302,356 shares of the company’s stock worth $23,913,000 after acquiring an additional 51,251 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of FlexShares Quality Dividend Index Fund by 7.3% in the 2nd quarter. Baird Financial Group Inc. now owns 209,577 shares of the company’s stock worth $18,845,000 after acquiring an additional 14,256 shares during the last quarter.

FlexShares Quality Dividend Index Fund Stock Down 0.7%

QDF traded down $0.66 on Friday, hitting $90.78. The company had a trading volume of 23,181 shares, compared to its average volume of 27,055. FlexShares Quality Dividend Index Fund has a 12-month low of $76.95 and a 12-month high of $93.89. The business’s fifty day simple moving average is $91.70 and its 200 day simple moving average is $89.01. The company has a market cap of $2.19 billion, a PE ratio of 21.14 and a beta of 0.91.

About FlexShares Quality Dividend Index Fund

The FlexShares Quality Dividend Index Fund (QDF) is an exchange-traded fund that is based on the Northern Trust Quality Dividend index. The fund tracks an index of companies deemed to have secure dividends that matches the beta of the Northern Trust 1250 Index. QDF was launched on Dec 14, 2012 and is managed by FlexShares.