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

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 6,287 shares, an increase of 427.9% from the July 30th total of 1,191 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 9,499 shares, the short-interest ratio is currently 0.7 days.

FlexShares Global Quality Real Estate Index Fund Stock Performance

Shares of FlexShares Global Quality Real Estate Index Fund stock traded down $0.24 during mid-day trading on Wednesday, hitting $64.66. 4,293 shares of the stock were exchanged, compared to its average volume of 14,345. FlexShares Global Quality Real Estate Index Fund has a 12 month low of $58.11 and a 12 month high of $67.49. The company has a 50-day simple moving average of $64.74 and a 200 day simple moving average of $63.78. The company has a market capitalization of $420.32 million, a P/E ratio of 21.15 and a beta of 0.90.

Institutional Trading of FlexShares Global Quality Real Estate Index Fund

A number of hedge funds have recently bought and sold shares of GQRE. CIBC Private Wealth Group LLC boosted its position 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 worth $108,000 after purchasing an additional 409 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of FlexShares Global Quality Real Estate Index Fund during the 4th quarter valued at $223,000. MML Investors Services LLC increased its position in shares of FlexShares Global Quality Real Estate Index Fund by 11.5% during the 4th quarter. MML Investors Services LLC now owns 9,626 shares of the company’s stock valued at $567,000 after purchasing an additional 990 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of FlexShares Global Quality Real Estate Index Fund during the 1st quarter worth $589,000. Finally, Tcfg Wealth Management LLC bought a new stake in shares of FlexShares Global Quality Real Estate Index Fund during the 3rd quarter worth $713,000.

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.