FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Short Interest Up 146.7% in June

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 8,566 shares, an increase of 146.7% from the June 15th total of 3,472 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 17,568 shares, the days-to-cover ratio is presently 0.5 days.

FlexShares Quality Dividend Defensive Index Fund Stock Performance

Shares of QDEF traded down $0.17 during trading hours on Tuesday, reaching $87.69. The stock had a trading volume of 3,703 shares, compared to its average volume of 10,063. The company’s 50-day moving average is $86.91 and its two-hundred day moving average is $83.89. The stock has a market capitalization of $539.27 million, a PE ratio of 20.05 and a beta of 0.83. FlexShares Quality Dividend Defensive Index Fund has a 12 month low of $74.38 and a 12 month high of $88.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QDEF. Goldman Sachs Group Inc. bought a new position in FlexShares Quality Dividend Defensive Index Fund during the first quarter worth $968,000. Northern Trust Corp lifted its holdings in shares of FlexShares Quality Dividend Defensive Index Fund by 0.4% in the 4th quarter. Northern Trust Corp now owns 3,360,994 shares of the company’s stock worth $272,106,000 after purchasing an additional 13,741 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of FlexShares Quality Dividend Defensive Index Fund by 20.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 67,010 shares of the company’s stock worth $5,425,000 after purchasing an additional 11,341 shares in the last quarter. Equitable Holdings Inc. acquired a new stake in FlexShares Quality Dividend Defensive Index Fund in the 3rd quarter valued at $718,000. Finally, Bank of America Corp DE grew its position in FlexShares Quality Dividend Defensive Index Fund by 9.6% in the 1st quarter. Bank of America Corp DE now owns 91,409 shares of the company’s stock valued at $7,296,000 after purchasing an additional 8,023 shares during the period.

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.