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

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 21,319 shares, a decline of 37.9% from the January 15th total of 34,305 shares. Based on an average daily trading volume, of 10,905 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,905 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On FlexShares Quality Dividend Defensive Index Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in FlexShares Quality Dividend Defensive Index Fund by 32,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 322 shares of the company’s stock worth $26,000 after buying an additional 321 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in FlexShares Quality Dividend Defensive Index Fund in the 4th quarter valued at approximately $39,000. Security National Bank acquired a new position in shares of FlexShares Quality Dividend Defensive Index Fund during the fourth quarter worth $40,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of FlexShares Quality Dividend Defensive Index Fund in the third quarter worth $47,000. Finally, Nova Wealth Management Inc. increased its holdings in FlexShares Quality Dividend Defensive Index Fund by 72.2% in the third quarter. Nova Wealth Management Inc. now owns 794 shares of the company’s stock valued at $64,000 after purchasing an additional 333 shares during the period.

FlexShares Quality Dividend Defensive Index Fund Trading Up 0.7%

Shares of NYSEARCA QDEF traded up $0.56 during mid-day trading on Friday, reaching $83.32. The company had a trading volume of 1,835 shares, compared to its average volume of 11,756. FlexShares Quality Dividend Defensive Index Fund has a 52 week low of $61.61 and a 52 week high of $84.60. The business’s 50-day moving average is $81.97 and its 200-day moving average is $80.07. The stock has a market cap of $509.92 million, a price-to-earnings ratio of 20.05 and a beta of 0.85.

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.