FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) Sees Significant Increase in Short Interest

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 21,273 shares, a growth of 627.8% from the June 15th total of 2,923 shares. Based on an average daily volume of 12,557 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On FlexShares Global Quality Real Estate Index Fund

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in FlexShares Global Quality Real Estate Index Fund by 2,550.4% in the 3rd quarter. Bank of America Corp DE now owns 29,844 shares of the company’s stock valued at $1,819,000 after purchasing an additional 28,718 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of FlexShares Global Quality Real Estate Index Fund in the second quarter worth $1,566,000. Jane Street Group LLC raised its stake in FlexShares Global Quality Real Estate Index Fund by 247.3% in the 1st quarter. Jane Street Group LLC now owns 27,813 shares of the company’s stock valued at $1,612,000 after purchasing an additional 19,804 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of FlexShares Global Quality Real Estate Index Fund in the fourth quarter valued at approximately $1,064,000. Finally, ESL Trust Services LLC raised its holdings in FlexShares Global Quality Real Estate Index Fund by 2.8% in the 4th quarter. ESL Trust Services LLC now owns 609,395 shares of the company’s stock valued at $35,869,000 after acquiring an additional 16,404 shares during the last quarter.

FlexShares Global Quality Real Estate Index Fund Stock Performance

FlexShares Global Quality Real Estate Index Fund stock traded up $0.31 during trading hours on Friday, reaching $64.59. 3,049 shares of the stock were exchanged, compared to its average volume of 15,658. The stock has a market cap of $413.38 million, a P/E ratio of 21.15 and a beta of 0.91. FlexShares Global Quality Real Estate Index Fund has a 52-week low of $58.11 and a 52-week high of $65.47. The firm’s 50 day moving average is $64.21 and its 200 day moving average is $62.64.

About FlexShares Global Quality Real Estate Index Fund

The FlexShares Global Quality Real Estate Index Fund (GQRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a global index of non-mortgage REITs and operating companies, selected and weighted by quality, momentum and value. GQRE was launched on Nov 6, 2013 and is managed by FlexShares.