FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) Sees Large Decline in Short Interest

FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 25,958 shares, a decline of 72.3% from the August 31st total of 93,845 shares. Based on an average daily trading volume, of 31,384 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

FlexShares International Quality Dividend Index Fund Price Performance

Shares of IQDF stock opened at $35.06 on Friday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.37 and a beta of 0.70. The company’s fifty day simple moving average is $35.39 and its two-hundred day simple moving average is $34.25. FlexShares International Quality Dividend Index Fund has a 1 year low of $27.91 and a 1 year high of $36.52.

Institutional Trading of FlexShares International Quality Dividend Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in IQDF. Keybank National Association OH boosted its stake in FlexShares International Quality Dividend Index Fund by 8.1% in the 1st quarter. Keybank National Association OH now owns 3,092,929 shares of the company’s stock worth $97,953,000 after purchasing an additional 232,724 shares during the period. Bank of New York Mellon Corp increased its position in shares of FlexShares International Quality Dividend Index Fund by 14.3% during the first quarter. Bank of New York Mellon Corp now owns 859,058 shares of the company’s stock valued at $27,206,000 after buying an additional 107,281 shares during the period. Envestnet Asset Management Inc. increased its position in shares of FlexShares International Quality Dividend Index Fund by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 606,604 shares of the company’s stock valued at $20,964,000 after buying an additional 27,609 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of FlexShares International Quality Dividend Index Fund by 45.6% in the first quarter. Wealthfront Advisers LLC now owns 137,173 shares of the company’s stock worth $4,344,000 after buying an additional 42,991 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of FlexShares International Quality Dividend Index Fund by 40.9% in the first quarter. Bank of America Corp DE now owns 111,998 shares of the company’s stock worth $3,547,000 after buying an additional 32,501 shares in the last quarter.

FlexShares International Quality Dividend Index Fund Company Profile

The FlexShares International Quality Dividend Index Fund (IQDF) 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 by dividend payments and other fundamentals. The index aims for market-like risk. IQDF was launched on Apr 12, 2013 and is managed by FlexShares.