FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (NYSEARCA:TLTE) Sees Significant Drop in Short Interest

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (NYSEARCA:TLTE) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,110 shares, a decrease of 54.8% from the December 31st total of 4,663 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,601 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 13,601 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

A number of hedge funds have recently added to or reduced their stakes in TLTE. CoreCap Advisors LLC increased its stake in shares of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund by 26.9% during the third quarter. CoreCap Advisors LLC now owns 1,625 shares of the company’s stock valued at $103,000 after buying an additional 344 shares during the period. Jones Financial Companies Lllp grew its holdings in FlexShares Morningstar Emerging Markets Factor Tilt Index Fund by 8,924.1% during the 1st quarter. Jones Financial Companies Lllp now owns 2,617 shares of the company’s stock worth $137,000 after acquiring an additional 2,588 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in FlexShares Morningstar Emerging Markets Factor Tilt Index Fund during the 2nd quarter valued at about $2,600,000. Finally, Sageworth Trust Co bought a new stake in shares of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund in the 2nd quarter valued at about $6,135,000.

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund Trading Down 1.6%

Shares of TLTE traded down $1.12 during trading hours on Friday, reaching $69.52. 2,754 shares of the company traded hands, compared to its average volume of 9,373. The stock’s fifty day moving average price is $65.52 and its 200 day moving average price is $63.41. The firm has a market cap of $312.84 million, a price-to-earnings ratio of 12.06 and a beta of 0.65. FlexShares Morningstar Emerging Markets Factor Tilt Index Fund has a 12-month low of $43.81 and a 12-month high of $70.99.

About FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

The FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of equities from emerging market countries. The index underweights large-cap and growth stocks in favor of small-cap and value stocks. TLTE was launched on Sep 28, 2012 and is managed by FlexShares.