FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Shares Shorted: Short Interest Up 247.8% in September

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 24,349 shares, a growth of 247.8% from the September 15th total of 7,001 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 12,419 shares, the short-interest ratio is presently 2.0 days.

FlexShares US Quality Low Volatility Index Fund Stock Up 0.4%

FlexShares US Quality Low Volatility Index Fund stock traded up $0.29 during midday trading on Friday, reaching $80.11. The stock had a trading volume of 4,399 shares, compared to its average volume of 11,117. FlexShares US Quality Low Volatility Index Fund has a 52-week low of $70.46 and a 52-week high of $80.63. The firm has a market cap of $169.83 million, a price-to-earnings ratio of 21.43 and a beta of 0.68. The company has a fifty day moving average of $79.47 and a 200 day moving average of $76.58.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in shares of FlexShares US Quality Low Volatility Index Fund during the second quarter valued at approximately $1,003,000. Bank of New York Mellon Corp bought a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 1st quarter worth approximately $424,000. United Bank lifted its stake in shares of FlexShares US Quality Low Volatility Index Fund by 5.2% during the 1st quarter. United Bank now owns 44,862 shares of the company’s stock worth $3,225,000 after acquiring an additional 2,201 shares during the last quarter. Curry Webb Wealth Management LLC purchased a new position in FlexShares US Quality Low Volatility Index Fund during the 1st quarter valued at $2,209,000. Finally, Private Advisor Group LLC boosted its holdings in FlexShares US Quality Low Volatility Index Fund by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 18,119 shares of the company’s stock valued at $1,303,000 after acquiring an additional 419 shares during the period.

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.