Short Interest in FlexShares International Quality Dividend Dynamic Index Fund (NYSEARCA:IQDY) Declines By 65.8%

FlexShares International Quality Dividend Dynamic Index Fund (NYSEARCA:IQDY) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 36,636 shares, a drop of 65.8% from the June 30th total of 107,236 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 5,975 shares, the short-interest ratio is presently 6.1 days.

FlexShares International Quality Dividend Dynamic Index Fund Stock Performance

Shares of IQDY stock traded down $0.41 during mid-day trading on Tuesday, hitting $41.47. The company’s stock had a trading volume of 6,969 shares, compared to its average volume of 8,542. The stock has a market cap of $107.82 million, a price-to-earnings ratio of 12.34 and a beta of 0.87. FlexShares International Quality Dividend Dynamic Index Fund has a 52-week low of $31.82 and a 52-week high of $44.33. The business has a 50-day moving average price of $42.49 and a 200 day moving average price of $40.54.

About FlexShares International Quality Dividend Dynamic Index Fund

The FlexShares International Quality Dividend Dynamic Index Fund (IQDY) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of non-US companies from developed and emerging markets selected and weighted by dividend yield and other fundamentals. The index aims for higher market risk. IQDY was launched on Apr 12, 2013 and is managed by FlexShares.