FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Sees Significant Growth in Short Interest

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 8,566 shares, a growth of 146.7% from the June 15th total of 3,472 shares. Based on an average trading volume of 17,568 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

FlexShares Quality Dividend Defensive Index Fund Stock Performance

NYSEARCA:QDEF traded down $0.17 during trading hours on Tuesday, reaching $87.69. The stock had a trading volume of 3,703 shares, compared to its average volume of 10,063. The stock has a 50 day simple moving average of $86.91 and a 200 day simple moving average of $83.89. FlexShares Quality Dividend Defensive Index Fund has a 12-month low of $74.38 and a 12-month high of $88.34. The stock has a market cap of $539.27 million, a P/E ratio of 20.05 and a beta of 0.83.

Institutional Investors Weigh In On FlexShares Quality Dividend Defensive Index Fund

Several large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in FlexShares Quality Dividend Defensive Index Fund by 0.9% in the 1st quarter. Cetera Investment Advisers now owns 19,118 shares of the company’s stock valued at $1,526,000 after acquiring an additional 168 shares during the period. Equitable Holdings Inc. boosted its position in FlexShares Quality Dividend Defensive Index Fund by 2.9% during the fourth quarter. Equitable Holdings Inc. now owns 9,235 shares of the company’s stock worth $748,000 after purchasing an additional 260 shares during the period. Wells Fargo & Company MN increased its stake in shares of FlexShares Quality Dividend Defensive Index Fund by 32,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 322 shares of the company’s stock worth $26,000 after purchasing an additional 321 shares in the last quarter. Royal Bank of Canada increased its stake in shares of FlexShares Quality Dividend Defensive Index Fund by 1.5% in the first quarter. Royal Bank of Canada now owns 23,663 shares of the company’s stock worth $1,889,000 after purchasing an additional 349 shares in the last quarter. Finally, Blair William & Co. IL raised its position in shares of FlexShares Quality Dividend Defensive Index Fund by 2.0% in the fourth quarter. Blair William & Co. IL now owns 18,395 shares of the company’s stock valued at $1,489,000 after purchasing an additional 356 shares during the period.

FlexShares Quality Dividend Defensive Index Fund Company Profile

The FlexShares Quality Dividend Defensive Index Fund (QDEF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of companies with higher dividend yields and lower betas chosen from the Northern Trust 1250 Index. QDEF was launched on Dec 14, 2012 and is managed by FlexShares.