FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Sees Large Decline in Short Interest

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 132 shares, a decline of 88.4% from the August 31st total of 1,142 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,362 shares, the short-interest ratio is currently 0.0 days.

FlexShares Quality Dividend Defensive Index Fund Stock Up 0.4%

NYSEARCA:QDEF traded up $0.34 during midday trading on Friday, hitting $89.77. The stock had a trading volume of 5,726 shares, compared to its average volume of 8,884. The stock has a 50-day moving average of $90.29 and a 200 day moving average of $86.73. The company has a market capitalization of $547.62 million, a price-to-earnings ratio of 20.05 and a beta of 0.82. FlexShares Quality Dividend Defensive Index Fund has a one year low of $77.96 and a one year high of $91.97.

Institutional Trading of FlexShares Quality Dividend Defensive Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of FlexShares Quality Dividend Defensive Index Fund by 20.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 67,010 shares of the company’s stock worth $5,425,000 after purchasing an additional 11,341 shares in the last quarter. Bank of America Corp DE grew its stake in FlexShares Quality Dividend Defensive Index Fund by 9.6% during the 1st quarter. Bank of America Corp DE now owns 91,409 shares of the company’s stock worth $7,296,000 after buying an additional 8,023 shares during the last quarter. Cambient Family Office LLC acquired a new position in FlexShares Quality Dividend Defensive Index Fund during the 4th quarter valued at about $642,000. RVW Wealth LLC increased its position in FlexShares Quality Dividend Defensive Index Fund by 9.2% during the 2nd quarter. RVW Wealth LLC now owns 88,065 shares of the company’s stock valued at $7,664,000 after buying an additional 7,403 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in FlexShares Quality Dividend Defensive Index Fund in the second quarter valued at about $515,000.

FlexShares Quality Dividend Defensive Index Fund Company Profile

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.