Short Interest in FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Grows By 84.0%

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 4,090 shares, a growth of 84.0% from the July 30th total of 2,223 shares. Based on an average daily trading volume, of 5,524 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

FlexShares Quality Dividend Defensive Index Fund Stock Down 0.5%

Shares of FlexShares Quality Dividend Defensive Index Fund stock opened at $90.78 on Tuesday. The firm has a market cap of $558.30 million, a PE ratio of 20.05 and a beta of 0.82. FlexShares Quality Dividend Defensive Index Fund has a 12-month low of $77.36 and a 12-month high of $91.80. The company’s fifty day simple moving average is $89.09 and its two-hundred day simple moving average is $85.84.

Institutional Trading of FlexShares Quality Dividend Defensive Index Fund

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in FlexShares Quality Dividend Defensive Index Fund by 33.1% during the 1st quarter. Royal Bank of Canada now owns 24,279 shares of the company’s stock valued at $1,697,000 after purchasing an additional 6,034 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of FlexShares Quality Dividend Defensive Index Fund in the 1st quarter worth approximately $968,000. Raymond James Financial Inc. grew its position in shares of FlexShares Quality Dividend Defensive Index Fund by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 54,703 shares of the company’s stock worth $4,051,000 after buying an additional 3,360 shares during the last quarter. MML Investors Services LLC increased its stake in shares of FlexShares Quality Dividend Defensive Index Fund by 5.0% during the second quarter. MML Investors Services LLC now owns 37,359 shares of the company’s stock valued at $2,766,000 after buying an additional 1,771 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of FlexShares Quality Dividend Defensive Index Fund by 58.6% during the second quarter. Osaic Holdings Inc. now owns 13,351 shares of the company’s stock valued at $989,000 after buying an additional 4,935 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.