FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Sees Large Increase in Short Interest

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 7,596 shares, an increase of 60.7% from the July 30th total of 4,728 shares. Based on an average daily volume of 6,002 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the company’s stock are short sold.

FlexShares US Quality Low Volatility Index Fund Stock Down 0.2%

QLV stock traded down $0.12 during trading on Monday, hitting $79.87. 2,233 shares of the company’s stock traded hands, compared to its average volume of 11,642. The firm has a market capitalization of $167.73 million, a P/E ratio of 21.43 and a beta of 0.69. FlexShares US Quality Low Volatility Index Fund has a 1 year low of $70.19 and a 1 year high of $80.63. The business has a fifty day simple moving average of $77.97 and a two-hundred day simple moving average of $75.53.

Institutional Trading of FlexShares US Quality Low Volatility Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in shares of FlexShares US Quality Low Volatility Index Fund in the 2nd quarter worth $38,000. Raymond James Financial Inc. bought a new stake in FlexShares US Quality Low Volatility Index Fund during the second quarter valued at about $61,000. Kestra Advisory Services LLC bought a new stake in FlexShares US Quality Low Volatility Index Fund during the fourth quarter valued at about $90,000. Alpha Capital Advisors Inc. ADV bought a new stake in FlexShares US Quality Low Volatility Index Fund during the fourth quarter valued at about $247,000. Finally, Cetera Investment Advisers purchased a new position in FlexShares US Quality Low Volatility Index Fund in the second quarter valued at about $342,000.

About FlexShares US Quality Low Volatility Index Fund

The FlexShares US Quality Low Volatility Index Fund (QLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, market-cap-weighted index of US large- and mid-cap equities. QLV was launched on Jul 15, 2019 and is managed by FlexShares.