FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) Stock Short Interest Rises 145.4%

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 5,385 shares, an increase of 145.4% from the September 30th total of 2,194 shares. Based on an average daily volume of 17,588 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Miller Howard Investments Inc. NY purchased a new position in shares of FlexShares Global Quality Real Estate Index Fund in the 3rd quarter valued at approximately $449,000. Diversify Wealth Management LLC acquired a new position in FlexShares Global Quality Real Estate Index Fund during the 1st quarter valued at approximately $589,000. NBT Bank N.A. purchased a new position in shares of FlexShares Global Quality Real Estate Index Fund in the third quarter worth $840,000. Corient Private Wealth LLC acquired a new stake in shares of FlexShares Global Quality Real Estate Index Fund during the fourth quarter worth $1,064,000. Finally, Park National Corp OH acquired a new stake in shares of FlexShares Global Quality Real Estate Index Fund during the third quarter worth $1,500,000.

FlexShares Global Quality Real Estate Index Fund Price Performance

Shares of GQRE traded up $0.07 during mid-day trading on Friday, reaching $61.01. 4,557 shares of the company’s stock traded hands, compared to its average volume of 22,737. The stock has a market cap of $427.04 million, a P/E ratio of 21.15 and a beta of 0.90. FlexShares Global Quality Real Estate Index Fund has a 12 month low of $58.11 and a 12 month high of $67.49. The stock’s 50-day moving average is $61.14 and its two-hundred day moving average is $62.87.

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.