FlexShares STOXX Global ESG Select Index Fund (BATS:ESGG) Sees Large Increase in Short Interest

FlexShares STOXX Global ESG Select Index Fund (BATS:ESGG) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 447 shares, a growth of 587.7% from the July 30th total of 65 shares. Based on an average daily trading volume, of 553 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are sold short.

FlexShares STOXX Global ESG Select Index Fund Stock Performance

ESGG stock remained flat at $239.24 during midday trading on Thursday. 268 shares of the company traded hands, compared to its average volume of 748. The firm has a market cap of $113.64 million, a price-to-earnings ratio of 21.09 and a beta of 0.97. The company’s fifty day moving average price is $234.57 and its two-hundred day moving average price is $222.09. FlexShares STOXX Global ESG Select Index Fund has a 1-year low of $190.38 and a 1-year high of $243.58.

Hedge Funds Weigh In On FlexShares STOXX Global ESG Select Index Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in shares of FlexShares STOXX Global ESG Select Index Fund during the fourth quarter worth approximately $33,000. Western Wealth Management LLC acquired a new stake in FlexShares STOXX Global ESG Select Index Fund in the 1st quarter valued at $44,000. Wells Fargo & Company MN acquired a new stake in FlexShares STOXX Global ESG Select Index Fund in the 4th quarter valued at $46,000. Osaic Holdings Inc. increased its stake in FlexShares STOXX Global ESG Select Index Fund by 15.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,821 shares of the company’s stock valued at $342,000 after purchasing an additional 249 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in FlexShares STOXX Global ESG Select Index Fund by 8.2% during the 4th quarter. HighTower Advisors LLC now owns 4,415 shares of the company’s stock valued at $906,000 after purchasing an additional 336 shares in the last quarter.

FlexShares STOXX Global ESG Select Index Fund Company Profile

The FlexShares STOXX Global ESG Select Index Fund (ESGG) is an exchange-traded fund that is based on the STOXX Global ESG Select KPIs index. The fund follows a principles-based global index composed of companies that exhibit environmental, social, and corporate governance (ESG) characteristics. ESGG was launched on Jul 13, 2016 and is managed by FlexShares.