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

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,142 shares, a decrease of 72.1% from the August 15th total of 4,090 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On FlexShares Quality Dividend Defensive Index Fund

Several large investors have recently made changes to their positions in QDEF. RVW Wealth LLC raised its position in FlexShares Quality Dividend Defensive Index Fund by 9.2% in the second quarter. RVW Wealth LLC now owns 88,065 shares of the company’s stock valued at $7,664,000 after purchasing an additional 7,403 shares during the period. Bank of America Corp DE raised its holdings in shares of FlexShares Quality Dividend Defensive Index Fund by 9.6% in the 1st quarter. Bank of America Corp DE now owns 91,409 shares of the company’s stock valued at $7,296,000 after buying an additional 8,023 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in FlexShares Quality Dividend Defensive Index Fund by 20.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 67,010 shares of the company’s stock worth $5,425,000 after acquiring an additional 11,341 shares in the last quarter. Royal Bank of Canada lifted its stake in FlexShares Quality Dividend Defensive Index Fund by 1.5% during the 1st quarter. Royal Bank of Canada now owns 23,663 shares of the company’s stock worth $1,889,000 after acquiring an additional 349 shares in the last quarter. Finally, Anson Capital Inc. boosted its holdings in FlexShares Quality Dividend Defensive Index Fund by 11.5% during the 2nd quarter. Anson Capital Inc. now owns 20,126 shares of the company’s stock valued at $1,751,000 after acquiring an additional 2,079 shares during the period.

FlexShares Quality Dividend Defensive Index Fund Price Performance

Shares of NYSEARCA:QDEF traded down $0.17 during midday trading on Monday, reaching $90.36. 1,855 shares of the company’s stock were exchanged, compared to its average volume of 9,048. The stock has a market cap of $555.71 million, a price-to-earnings ratio of 20.05 and a beta of 0.82. FlexShares Quality Dividend Defensive Index Fund has a fifty-two week low of $77.96 and a fifty-two week high of $91.97. The firm’s 50 day simple moving average is $89.89 and its two-hundred day simple moving average is $86.31.

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.