FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sees Significant Growth in Short Interest

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 13,254 shares, an increase of 117.9% from the June 30th total of 6,082 shares. Based on an average daily volume of 28,549 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of FlexShares Quality Dividend Index Fund

A number of institutional investors have recently made changes to their positions in QDF. Goldman Sachs Group Inc. grew its holdings in shares of FlexShares Quality Dividend Index Fund by 66.3% in the first quarter. Goldman Sachs Group Inc. now owns 96,561 shares of the company’s stock worth $6,601,000 after purchasing an additional 38,512 shares during the last quarter. Jane Street Group LLC raised its holdings in FlexShares Quality Dividend Index Fund by 82.9% during the 1st quarter. Jane Street Group LLC now owns 9,789 shares of the company’s stock valued at $669,000 after buying an additional 4,437 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in FlexShares Quality Dividend Index Fund by 475.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 717,441 shares of the company’s stock valued at $52,502,000 after buying an additional 592,774 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in FlexShares Quality Dividend Index Fund during the 2nd quarter valued at $198,000. Finally, Betterment LLC purchased a new stake in FlexShares Quality Dividend Index Fund during the 3rd quarter valued at $209,000.

FlexShares Quality Dividend Index Fund Price Performance

QDF stock traded up $0.70 during mid-day trading on Tuesday, hitting $91.45. 27,188 shares of the stock were exchanged, compared to its average volume of 28,108. The business has a fifty day moving average price of $89.28 and a 200 day moving average price of $84.99. FlexShares Quality Dividend Index Fund has a 12 month low of $73.62 and a 12 month high of $91.55. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 21.14 and a beta of 0.91.

FlexShares Quality Dividend Index Fund Company Profile

The FlexShares Quality Dividend Index Fund (QDF) is an exchange-traded fund that is based on the Northern Trust Quality Dividend index. The fund tracks an index of companies deemed to have secure dividends that matches the beta of the Northern Trust 1250 Index. QDF was launched on Dec 14, 2012 and is managed by FlexShares.