FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) Sees Significant Decline in Short Interest

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 48,445 shares, a decrease of 57.7% from the April 30th total of 114,400 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,421 shares, the days-to-cover ratio is presently 2.0 days.

FlexShares Global Quality Real Estate Index Fund Trading Up 0.2%

Shares of GQRE traded up $0.13 during mid-day trading on Tuesday, hitting $63.31. 8,513 shares of the company traded hands, compared to its average volume of 17,494. FlexShares Global Quality Real Estate Index Fund has a one year low of $58.11 and a one year high of $65.47. The business has a 50-day moving average of $62.96 and a 200 day moving average of $61.82. The stock has a market capitalization of $370.36 million, a price-to-earnings ratio of 21.15 and a beta of 0.93.

Hedge Funds Weigh In On FlexShares Global Quality Real Estate Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of GQRE. CIBC Private Wealth Group LLC boosted its stake in FlexShares Global Quality Real Estate Index Fund by 28.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,837 shares of the company’s stock valued at $108,000 after acquiring an additional 409 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in FlexShares Global Quality Real Estate Index Fund in the fourth quarter worth $223,000. Smartleaf Asset Management LLC acquired a new stake in FlexShares Global Quality Real Estate Index Fund in the third quarter worth $478,000. MML Investors Services LLC raised its holdings in FlexShares Global Quality Real Estate Index Fund by 11.5% in the fourth quarter. MML Investors Services LLC now owns 9,626 shares of the company’s stock worth $567,000 after purchasing an additional 990 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in FlexShares Global Quality Real Estate Index Fund in the fourth quarter worth $569,000.

About FlexShares Global Quality Real Estate Index Fund

The FlexShares Global Quality Real Estate Index Fund (GQRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a global index of non-mortgage REITs and operating companies, selected and weighted by quality, momentum and value. GQRE was launched on Nov 6, 2013 and is managed by FlexShares.