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

by · The Markets Daily

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,472 shares, a drop of 73.3% from the May 31st total of 13,028 shares. Based on an average trading volume of 7,193 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of FlexShares Quality Dividend Defensive Index Fund

A number of institutional investors have recently added to or reduced their stakes in QDEF. Royal Bank of Canada increased its stake in FlexShares Quality Dividend Defensive Index Fund by 33.1% in 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 in the last quarter. Goldman Sachs Group Inc. purchased a new stake in FlexShares Quality Dividend Defensive Index Fund during the first quarter worth $968,000. Raymond James Financial Inc. grew its holdings in FlexShares Quality Dividend Defensive Index Fund by 6.5% in the second quarter. Raymond James Financial Inc. now owns 54,703 shares of the company’s stock valued at $4,051,000 after purchasing an additional 3,360 shares during the last quarter. MML Investors Services LLC grew its holdings in FlexShares Quality Dividend Defensive Index Fund by 5.0% in the second quarter. MML Investors Services LLC now owns 37,359 shares of the company’s stock valued at $2,766,000 after purchasing an additional 1,771 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of FlexShares Quality Dividend Defensive Index Fund by 58.6% in 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 in the last quarter.

FlexShares Quality Dividend Defensive Index Fund Trading Up 0.2%

Shares of NYSEARCA:QDEF traded up $0.19 on Friday, reaching $85.59. 3,950 shares of the company were exchanged, compared to its average volume of 10,237. FlexShares Quality Dividend Defensive Index Fund has a 1-year low of $73.37 and a 1-year high of $88.34. The firm has a market cap of $530.66 million, a price-to-earnings ratio of 20.05 and a beta of 0.83. The company has a 50-day moving average of $86.25 and a 200-day moving average of $83.42.

FlexShares Quality Dividend Defensive Index Fund Company Profile

(Get Free Report)

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.

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