Short Interest in FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Grows By 84.0%

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,090 shares, a growth of 84.0% from the July 30th total of 2,223 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 5,524 shares, the days-to-cover ratio is currently 0.7 days.

FlexShares Quality Dividend Defensive Index Fund Stock Performance

Shares of QDEF stock traded down $0.23 during mid-day trading on Friday, reaching $91.27. The company’s stock had a trading volume of 3,273 shares, compared to its average volume of 9,332. The firm’s 50-day moving average is $89.00 and its two-hundred day moving average is $85.78. The company has a market cap of $561.31 million, a P/E ratio of 20.05 and a beta of 0.82. FlexShares Quality Dividend Defensive Index Fund has a 1-year low of $77.36 and a 1-year high of $91.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QDEF. Wells Fargo & Company MN lifted its stake in FlexShares Quality Dividend Defensive Index Fund by 32,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 322 shares of the company’s stock worth $26,000 after purchasing an additional 321 shares during the period. Laurel Wealth Advisors LLC bought a new stake in shares of FlexShares Quality Dividend Defensive Index Fund in the 4th quarter valued at approximately $39,000. Security National Bank acquired a new position in shares of FlexShares Quality Dividend Defensive Index Fund in the 4th quarter worth approximately $40,000. BOKF NA acquired a new position in shares of FlexShares Quality Dividend Defensive Index Fund in the 3rd quarter worth approximately $80,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of FlexShares Quality Dividend Defensive Index Fund by 87.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,049 shares of the company’s stock worth $85,000 after buying an additional 488 shares during the period.

About FlexShares Quality Dividend Defensive Index Fund

The FlexShares Quality Dividend Defensive Index Fund (QDEF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of companies with higher dividend yields and lower betas chosen from the Northern Trust 1250 Index. QDEF was launched on Dec 14, 2012 and is managed by FlexShares.