Short Interest in FlexShares US Quality Large Cap Index Fund (BATS:QLC) Drops By 59.3%

FlexShares US Quality Large Cap Index Fund (BATS:QLC) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 20,807 shares, a decline of 59.3% from the May 14th total of 51,162 shares. Based on an average trading volume of 36,369 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Northern Trust Corp increased its position in FlexShares US Quality Large Cap Index Fund by 5.2% during the fourth quarter. Northern Trust Corp now owns 6,350,610 shares of the company’s stock worth $514,336,000 after acquiring an additional 311,514 shares during the period. MML Investors Services LLC boosted its stake in FlexShares US Quality Large Cap Index Fund by 7.0% in the fourth quarter. MML Investors Services LLC now owns 190,953 shares of the company’s stock valued at $15,465,000 after buying an additional 12,486 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of FlexShares US Quality Large Cap Index Fund by 67.6% in the fourth quarter. LPL Financial LLC now owns 166,669 shares of the company’s stock worth $13,498,000 after acquiring an additional 67,228 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of FlexShares US Quality Large Cap Index Fund by 74.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 111,818 shares of the company’s stock valued at $9,056,000 after purchasing an additional 47,648 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in FlexShares US Quality Large Cap Index Fund by 67.4% during the 1st quarter. Cetera Investment Advisers now owns 109,561 shares of the company’s stock worth $8,563,000 after purchasing an additional 44,119 shares in the last quarter.

FlexShares US Quality Large Cap Index Fund Price Performance

QLC opened at $88.57 on Friday. The company’s 50 day simple moving average is $86.11 and its 200-day simple moving average is $82.91. FlexShares US Quality Large Cap Index Fund has a one year low of $68.25 and a one year high of $90.88. The stock has a market capitalization of $655.42 million, a P/E ratio of 22.28 and a beta of 1.00.

FlexShares US Quality Large Cap Index Fund Company Profile

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.