FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Shares Shorted: Short Interest Up 247.8% in September

by · The Markets Daily

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV – Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 24,349 shares, a growth of 247.8% from the September 15th total of 7,001 shares. Based on an average trading volume of 12,419 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.1% of the company’s shares are sold short.

Institutional Trading of FlexShares US Quality Low Volatility Index Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in FlexShares US Quality Low Volatility Index Fund during the first quarter worth $424,000. Citadel Advisors LLC purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter valued at $1,003,000. Private Advisor Group LLC raised its stake in shares of FlexShares US Quality Low Volatility Index Fund by 2.4% in the first quarter. Private Advisor Group LLC now owns 18,119 shares of the company’s stock valued at $1,303,000 after acquiring an additional 419 shares during the period. Curry Webb Wealth Management LLC bought a new stake in shares of FlexShares US Quality Low Volatility Index Fund in the 1st quarter worth about $2,209,000. Finally, United Bank lifted its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 5.2% in the 1st quarter. United Bank now owns 44,862 shares of the company’s stock worth $3,225,000 after acquiring an additional 2,201 shares during the last quarter.

FlexShares US Quality Low Volatility Index Fund Stock Performance

QLV stock traded up $0.29 during midday trading on Friday, reaching $80.11. 4,399 shares of the company traded hands, compared to its average volume of 11,117. The firm has a market capitalization of $169.83 million, a price-to-earnings ratio of 21.43 and a beta of 0.68. FlexShares US Quality Low Volatility Index Fund has a 52-week low of $70.46 and a 52-week high of $80.63. The business has a 50 day moving average of $79.47 and a 200-day moving average of $76.58.

FlexShares US Quality Low Volatility Index Fund Company Profile

(Get Free Report)

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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