FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Sees Large Increase in Short Interest

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,596 shares, a growth of 60.7% from the July 30th total of 4,728 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 6,002 shares, the short-interest ratio is currently 1.3 days.

FlexShares US Quality Low Volatility Index Fund Stock Down 0.2%

NYSEARCA:QLV traded down $0.12 during midday trading on Monday, hitting $79.87. The stock had a trading volume of 2,233 shares, compared to its average volume of 11,642. The stock has a 50-day moving average of $77.97 and a 200 day moving average of $75.53. The company has a market capitalization of $167.73 million, a price-to-earnings ratio of 21.43 and a beta of 0.69. FlexShares US Quality Low Volatility Index Fund has a one year low of $70.19 and a one year high of $80.63.

Hedge Funds Weigh In On FlexShares US Quality Low Volatility Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised 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 acquiring an additional 110,994 shares in the last quarter. Curry Webb Wealth Management LLC purchased a new stake in FlexShares US Quality Low Volatility Index Fund in the first quarter worth about $2,209,000. Rossby Financial LCC bought a new position in FlexShares US Quality Low Volatility Index Fund during the 4th quarter worth about $1,161,000. Goldman Sachs Group Inc. bought a new position in FlexShares US Quality Low Volatility Index Fund during the 1st quarter worth about $694,000. Finally, Bank of New York Mellon Corp bought a new position in FlexShares US Quality Low Volatility Index Fund during the 1st quarter worth about $424,000.

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.