Short Interest in FlexShares US Quality Large Cap Index Fund (BATS:QLC) Decreases By 59.3%

FlexShares US Quality Large Cap Index Fund (BATS:QLC) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 20,807 shares, a drop of 59.3% from the May 14th total of 51,162 shares. Based on an average daily volume of 36,369 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On FlexShares US Quality Large Cap Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of QLC. Osaic Holdings Inc. raised its holdings in FlexShares US Quality Large Cap Index Fund by 130.3% in the second quarter. Osaic Holdings Inc. now owns 919 shares of the company’s stock worth $66,000 after purchasing an additional 520 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of FlexShares US Quality Large Cap Index Fund in the 3rd quarter worth about $122,000. Wells Fargo & Company MN lifted its position in FlexShares US Quality Large Cap Index Fund by 161,600.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,617 shares of the company’s stock valued at $131,000 after acquiring an additional 1,616 shares during the period. International Assets Investment Management LLC bought a new stake in FlexShares US Quality Large Cap Index Fund during the fourth quarter worth about $138,000. Finally, Capital Advisors Ltd. LLC purchased a new stake in FlexShares US Quality Large Cap Index Fund in the fourth quarter worth about $158,000.

FlexShares US Quality Large Cap Index Fund Trading Up 1.9%

BATS:QLC opened at $88.57 on Friday. The firm’s 50 day moving average is $86.11 and its 200 day moving average is $82.91. FlexShares US Quality Large Cap Index Fund has a 12 month low of $68.25 and a 12 month high of $90.88. The stock has a market capitalization of $655.42 million, a PE ratio of 22.28 and a beta of 1.00.

About FlexShares US Quality Large Cap Index Fund

The FlexShares US Quality Large Cap Index Fund (QLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of the highest quality large-caps in the US market. QLC was launched on Sep 24, 2015 and is managed by FlexShares.