FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) Stock Short Interest Drops 84.8%

FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 32,607 shares, a drop of 84.8% from the October 15th total of 213,940 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 57,372 shares, the days-to-cover ratio is currently 0.6 days.

FlexShares International Quality Dividend Index Fund Stock Down 0.9%

IQDF opened at $33.54 on Wednesday. The stock has a market cap of $1.12 billion, a PE ratio of 11.78 and a beta of 0.71. FlexShares International Quality Dividend Index Fund has a 52 week low of $28.68 and a 52 week high of $36.52. The business’s fifty day simple moving average is $34.58 and its 200 day simple moving average is $34.04.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IQDF. Keybank National Association OH bought a new stake in shares of FlexShares International Quality Dividend Index Fund in the 3rd quarter valued at about $108,971,000. Bank of New York Mellon Corp grew its position in FlexShares International Quality Dividend Index Fund by 14.3% during the 1st quarter. Bank of New York Mellon Corp now owns 859,058 shares of the company’s stock worth $27,206,000 after acquiring an additional 107,281 shares during the last quarter. Envestnet Asset Management Inc. grew its position in FlexShares International Quality Dividend Index Fund by 4.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 606,604 shares of the company’s stock worth $20,964,000 after acquiring an additional 27,609 shares during the last quarter. Wealthfront Advisers LLC grew its position in FlexShares International Quality Dividend Index Fund by 45.6% during the 1st quarter. Wealthfront Advisers LLC now owns 137,173 shares of the company’s stock worth $4,344,000 after acquiring an additional 42,991 shares during the last quarter. Finally, First Financial Corp IN purchased a new position in FlexShares International Quality Dividend Index Fund in the 3rd quarter worth approximately $3,594,000.

About FlexShares International Quality Dividend Index Fund

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.