FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Short Interest Update

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 4,374 shares, a drop of 69.7% from the May 31st total of 14,412 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,749 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of FlexShares Quality Dividend Index Fund

Several hedge funds have recently made changes to their positions in QDF. PNC Financial Services Group Inc. increased its stake in FlexShares Quality Dividend Index Fund by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,415 shares of the company’s stock worth $680,000 after acquiring an additional 319 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of FlexShares Quality Dividend Index Fund by 6,259.8% in the 4th quarter. Global Retirement Partners LLC now owns 7,759 shares of the company’s stock valued at $627,000 after purchasing an additional 7,637 shares during the last quarter. McGinn Penninger Investment Management Inc. lifted its stake in shares of FlexShares Quality Dividend Index Fund by 4.0% in the 4th quarter. McGinn Penninger Investment Management Inc. now owns 7,762 shares of the company’s stock valued at $627,000 after purchasing an additional 301 shares during the last quarter. WealthPlan Investment Management LLC purchased a new position in shares of FlexShares Quality Dividend Index Fund in the 4th quarter worth approximately $373,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of FlexShares Quality Dividend Index Fund in the 4th quarter worth approximately $202,000.

FlexShares Quality Dividend Index Fund Price Performance

Shares of QDF opened at $89.46 on Tuesday. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 21.14 and a beta of 0.92. FlexShares Quality Dividend Index Fund has a 1 year low of $72.83 and a 1 year high of $90.38. The business’s 50 day simple moving average is $87.67 and its 200-day simple moving average is $83.76.

About FlexShares Quality Dividend Index Fund

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.