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

by · The Cerbat Gem

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF – Get Free Report) saw a significant drop in short interest in 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. Based on an average daily volume of 20,749 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

FlexShares Quality Dividend Index Fund Price Performance

Shares of FlexShares Quality Dividend Index Fund stock traded down $0.24 during trading hours on Friday, hitting $88.08. The company had a trading volume of 10,633 shares, compared to its average volume of 28,730. The company’s 50-day moving average is $87.55 and its two-hundred day moving average is $83.69. FlexShares Quality Dividend Index Fund has a twelve month low of $72.40 and a twelve month high of $90.38. The company has a market cap of $2.18 billion, a P/E ratio of 21.14 and a beta of 0.92.

Hedge Funds Weigh In On FlexShares Quality Dividend Index Fund

Several large investors have recently bought and sold shares of QDF. WealthPoint Financial LLC lifted its holdings in shares of FlexShares Quality Dividend Index Fund by 3.4% in the 1st quarter. WealthPoint Financial LLC now owns 5,049 shares of the company’s stock valued at $399,000 after purchasing an additional 168 shares during the last quarter. NewEdge Advisors LLC grew its stake in FlexShares Quality Dividend Index Fund by 4.0% during the 3rd quarter. NewEdge Advisors LLC now owns 6,297 shares of the company’s stock worth $500,000 after buying an additional 240 shares during the last quarter. McGinn Penninger Investment Management Inc. increased its position in FlexShares Quality Dividend Index Fund by 4.0% during the fourth quarter. McGinn Penninger Investment Management Inc. now owns 7,762 shares of the company’s stock worth $627,000 after buying an additional 301 shares during the period. Quantinno Capital Management LP increased its position in FlexShares Quality Dividend Index Fund by 6.2% during the first quarter. Quantinno Capital Management LP now owns 5,365 shares of the company’s stock worth $424,000 after buying an additional 311 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in FlexShares Quality Dividend Index Fund by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,415 shares of the company’s stock valued at $680,000 after buying an additional 319 shares during the last quarter.

FlexShares Quality Dividend Index Fund Company Profile

(Get Free Report)

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.

Recommended Stories