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

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 4,374 shares, a drop of 69.7% from the May 31st total of 14,412 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 20,749 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

Several hedge funds have recently made changes to their positions in the business. TIAA Trust National Association increased its position in FlexShares Quality Dividend Index Fund by 4.0% in the 4th quarter. TIAA Trust National Association now owns 4,075,676 shares of the company’s stock valued at $330,903,000 after acquiring an additional 157,130 shares during the period. Orion Porfolio Solutions LLC lifted its position in FlexShares Quality Dividend Index Fund by 475.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 717,441 shares of the company’s stock worth $52,502,000 after acquiring an additional 592,774 shares during the period. Keybank National Association OH lifted its position in FlexShares Quality Dividend Index Fund by 1.4% during the 1st quarter. Keybank National Association OH now owns 547,452 shares of the company’s stock worth $43,298,000 after acquiring an additional 7,532 shares during the period. VeraBank N.A. grew its stake in shares of FlexShares Quality Dividend Index Fund by 0.4% in the 4th quarter. VeraBank N.A. now owns 460,560 shares of the company’s stock valued at $37,218,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of FlexShares Quality Dividend Index Fund by 17.6% in the 1st quarter. Bank of New York Mellon Corp now owns 426,191 shares of the company’s stock valued at $33,707,000 after purchasing an additional 63,830 shares during the last quarter.

FlexShares Quality Dividend Index Fund Trading Down 0.3%

QDF stock traded down $0.24 on Friday, hitting $88.08. The company’s stock had a trading volume of 10,633 shares, compared to its average volume of 28,730. The firm has a 50 day moving average of $87.55 and a two-hundred day moving average of $83.69. FlexShares Quality Dividend Index Fund has a 1 year low of $72.40 and a 1 year high of $90.38. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 21.14 and a beta of 0.92.

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.