FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV – Get Free Report) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 41,604 shares, an increase of 99.3% from the October 15th total of 20,876 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 24,537 shares, the days-to-cover ratio is currently 1.7 days.
Hedge Funds Weigh In On FlexShares US Quality Low Volatility Index Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Bank grew its position in shares of FlexShares US Quality Low Volatility Index Fund by 5.2% during the 1st quarter. United Bank now owns 44,862 shares of the company’s stock worth $3,225,000 after buying an additional 2,201 shares during the period. Peoples Financial Services CORP. bought a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the 3rd quarter valued at about $2,560,000. Curry Webb Wealth Management LLC acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the 1st quarter valued at approximately $2,209,000. Diversify Advisory Services LLC acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the 3rd quarter valued at approximately $1,794,000. Finally, Citadel Advisors LLC acquired a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the 2nd quarter valued at approximately $1,003,000.
FlexShares US Quality Low Volatility Index Fund Trading Up 0.2%
Shares of NYSEARCA:QLV traded up $0.14 during midday trading on Friday, hitting $82.46. The company had a trading volume of 37,041 shares, compared to its average volume of 12,340. FlexShares US Quality Low Volatility Index Fund has a 12 month low of $70.46 and a 12 month high of $83.30. The firm has a fifty day simple moving average of $80.38 and a 200 day simple moving average of $76.76. The stock has a market cap of $193.78 million, a price-to-earnings ratio of 21.57 and a beta of 0.66.
About FlexShares US Quality Low Volatility Index Fund
The FlexShares US Quality Low Volatility Index Fund (QLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, market-cap-weighted index of US large- and mid-cap equities. QLV was launched on Jul 15, 2019 and is managed by FlexShares.
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