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

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 6,146 shares, a drop of 62.3% from the March 15th total of 16,302 shares. Based on an average daily volume of 14,979 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On FlexShares Global Quality Real Estate Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of GQRE. CIBC Private Wealth Group LLC grew its position in FlexShares Global Quality Real Estate Index Fund by 28.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,837 shares of the company’s stock worth $108,000 after acquiring an additional 409 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in FlexShares Global Quality Real Estate Index Fund during the 4th quarter worth $223,000. Smartleaf Asset Management LLC bought a new stake in FlexShares Global Quality Real Estate Index Fund during the 3rd quarter worth $478,000. MML Investors Services LLC grew its position in 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 worth $567,000 after acquiring an additional 990 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in FlexShares Global Quality Real Estate Index Fund during the 4th quarter worth $569,000.

FlexShares Global Quality Real Estate Index Fund Price Performance

GQRE stock traded up $0.16 during midday trading on Friday, reaching $62.86. 6,855 shares of the stock were exchanged, compared to its average volume of 14,038. The stock has a market capitalization of $364.59 million, a PE ratio of 21.15 and a beta of 0.94. FlexShares Global Quality Real Estate Index Fund has a 52 week low of $53.34 and a 52 week high of $65.47. The company has a fifty day moving average price of $62.33 and a 200 day moving average price of $60.86.

FlexShares Global Quality Real Estate Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were given a dividend of $0.0772 per share. The ex-dividend date was Friday, March 20th. This represents a $0.31 dividend on an annualized basis and a yield of 0.5%.

FlexShares Global Quality Real Estate Index Fund Company Profile

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.