Short Interest in FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Increases By 90.5%

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,044 shares, an increase of 90.5% from the April 15th total of 14,195 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 28,266 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of QLV. Goldman Sachs Group Inc. acquired a new position in FlexShares US Quality Low Volatility Index Fund during the first quarter valued at approximately $694,000. Cetera Investment Advisers acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter valued at approximately $342,000. JPMorgan Chase & Co. acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund in the second quarter valued at approximately $61,000. Finally, Bank of America Corp DE boosted its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 39.6% in the second quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock valued at $26,667,000 after buying an additional 110,994 shares during the period.

FlexShares US Quality Low Volatility Index Fund Stock Down 0.5%

NYSEARCA QLV traded down $0.38 during trading on Friday, reaching $75.37. 1,638 shares of the stock traded hands, compared to its average volume of 15,601. The firm has a market cap of $171.84 million, a price-to-earnings ratio of 21.43 and a beta of 0.71. The stock’s 50-day moving average price is $73.37 and its 200 day moving average price is $73.01. FlexShares US Quality Low Volatility Index Fund has a fifty-two week low of $66.00 and a fifty-two week high of $75.78.

FlexShares US Quality Low Volatility Index Fund Company Profile

The FlexShares US Quality Low Volatility Index Fund (QLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, market-cap-weighted index of US large- and mid-cap equities. QLV was launched on Jul 15, 2019 and is managed by FlexShares.