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

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 21,273 shares, a growth of 627.8% from the June 15th total of 2,923 shares. Based on an average trading volume of 12,557 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.3% of the company’s shares are short sold.

FlexShares Global Quality Real Estate Index Fund Stock Up 0.5%

Shares of NYSEARCA GQRE traded up $0.31 during midday trading on Friday, hitting $64.59. The stock had a trading volume of 3,049 shares, compared to its average volume of 15,658. The company has a market capitalization of $413.38 million, a price-to-earnings ratio of 21.15 and a beta of 0.91. FlexShares Global Quality Real Estate Index Fund has a 1-year low of $58.11 and a 1-year high of $65.47. The company has a fifty day moving average price of $64.21 and a 200 day moving average price of $62.64.

Hedge Funds Weigh In On FlexShares Global Quality Real Estate Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC boosted its stake in FlexShares Global Quality Real Estate Index Fund by 7.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 169,600 shares of the company’s stock valued at $10,854,000 after acquiring an additional 12,383 shares during the last quarter. Boltwood Capital Management grew its holdings in shares of FlexShares Global Quality Real Estate Index Fund by 1.5% during the second quarter. Boltwood Capital Management now owns 84,852 shares of the company’s stock valued at $5,430,000 after purchasing an additional 1,225 shares during the last quarter. Bank of America Corp DE grew its stake in 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. Wealthspire Retirement LLC increased its holdings in shares of FlexShares Global Quality Real Estate Index Fund by 18.1% in the 1st quarter. Wealthspire Retirement LLC now owns 51,658 shares of the company’s stock worth $3,086,000 after acquiring an additional 7,923 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in shares of FlexShares Global Quality Real Estate Index Fund in the first quarter valued at approximately $589,000.

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.