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

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 2,273 shares, a drop of 16.2% from the February 12th total of 2,712 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 26,771 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 26,771 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

FlexShares Quality Dividend Index Fund Stock Up 0.3%

Shares of QDF stock traded up $0.28 during trading hours on Tuesday, hitting $80.75. 20,512 shares of the company’s stock were exchanged, compared to its average volume of 31,624. The firm has a market cap of $2.02 billion, a P/E ratio of 21.14 and a beta of 0.93. The firm has a 50 day moving average of $82.33 and a two-hundred day moving average of $80.70. FlexShares Quality Dividend Index Fund has a fifty-two week low of $58.79 and a fifty-two week high of $84.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in FlexShares Quality Dividend Index Fund by 66.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 96,561 shares of the company’s stock valued at $6,601,000 after purchasing an additional 38,512 shares during the last quarter. Jane Street Group LLC boosted its position in shares of FlexShares Quality Dividend Index Fund by 82.9% during the first quarter. Jane Street Group LLC now owns 9,789 shares of the company’s stock worth $669,000 after buying an additional 4,437 shares during the period. Bank of New York Mellon Corp boosted its position in shares of FlexShares Quality Dividend Index Fund by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 270,577 shares of the company’s stock worth $19,801,000 after buying an additional 19,826 shares during the period. Cetera Investment Advisers grew its stake in shares of FlexShares Quality Dividend Index Fund by 13.8% in the second quarter. Cetera Investment Advisers now owns 12,538 shares of the company’s stock valued at $917,000 after buying an additional 1,517 shares in the last quarter. Finally, Cozad Asset Management Inc. acquired a new stake in shares of FlexShares Quality Dividend Index Fund in the second quarter valued at $210,000.

About FlexShares Quality Dividend Index Fund

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.