FlexShares US Quality Large Cap Index Fund (BATS:QLC – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 49,521 shares, a growth of 138.0% from the May 31st total of 20,807 shares. Based on an average daily trading volume, of 34,275 shares, the short-interest ratio is presently 1.4 days. Currently, 0.7% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Cerity Partners LLC purchased a new stake in shares of FlexShares US Quality Large Cap Index Fund during the second quarter worth approximately $385,000. Raymond James Financial Inc. purchased a new position in FlexShares US Quality Large Cap Index Fund in the 2nd quarter valued at $159,000. Osaic Holdings Inc. grew its position in FlexShares US Quality Large Cap Index Fund by 130.3% in the 2nd quarter. Osaic Holdings Inc. now owns 919 shares of the company’s stock valued at $66,000 after buying an additional 520 shares during the last quarter. Advisory Alpha LLC acquired a new position in FlexShares US Quality Large Cap Index Fund in the 3rd quarter valued at $267,000. Finally, GeoWealth Management LLC purchased a new position in FlexShares US Quality Large Cap Index Fund during the 3rd quarter worth $122,000.
FlexShares US Quality Large Cap Index Fund Stock Up 0.5%
Shares of QLC stock opened at $89.87 on Wednesday. The stock has a market capitalization of $665.04 million, a PE ratio of 22.28 and a beta of 1.00. FlexShares US Quality Large Cap Index Fund has a 52-week low of $70.66 and a 52-week high of $90.88. The stock’s 50-day moving average price is $88.10 and its 200 day moving average price is $83.69.
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.
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