FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) Short Interest Up 76.4% in May

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 85,469 shares, a growth of 76.4% from the May 14th total of 48,445 shares. Based on an average daily volume of 22,335 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.5% of the company’s shares are sold short.

FlexShares Global Quality Real Estate Index Fund Price Performance

Shares of GQRE traded up $0.01 during mid-day trading on Tuesday, reaching $64.78. The stock had a trading volume of 10,605 shares, compared to its average volume of 16,375. FlexShares Global Quality Real Estate Index Fund has a 52-week low of $58.11 and a 52-week high of $65.47. The business’s fifty day moving average is $63.85 and its 200 day moving average is $62.11. The firm has a market cap of $378.96 million, a price-to-earnings ratio of 21.15 and a beta of 0.91.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Studio Investment Management LLC boosted its stake in FlexShares Global Quality Real Estate Index Fund by 1.6% during the fourth quarter. Studio Investment Management LLC now owns 19,932 shares of the company’s stock worth $1,173,000 after buying an additional 320 shares during the period. Fermata Advisors LLC boosted its stake in FlexShares Global Quality Real Estate Index Fund by 1.9% during the fourth quarter. Fermata Advisors LLC now owns 20,930 shares of the company’s stock worth $1,232,000 after buying an additional 382 shares during the period. CIBC Private Wealth Group LLC boosted its stake in FlexShares Global Quality Real Estate Index Fund by 28.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,837 shares of the company’s stock worth $108,000 after buying an additional 409 shares during the period. PFG Advisors boosted its stake in FlexShares Global Quality Real Estate Index Fund by 1.0% during the third quarter. PFG Advisors now owns 45,281 shares of the company’s stock worth $2,760,000 after buying an additional 427 shares during the period. Finally, Wealthspire Retirement LLC boosted its stake in FlexShares Global Quality Real Estate Index Fund by 1.7% during the fourth quarter. Wealthspire Retirement LLC now owns 43,735 shares of the company’s stock worth $2,574,000 after buying an additional 746 shares during the period.

FlexShares Global Quality Real Estate Index Fund Company Profile

The FlexShares Global Quality Real Estate Index Fund (GQRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a global index of non-mortgage REITs and operating companies, selected and weighted by quality, momentum and value. GQRE was launched on Nov 6, 2013 and is managed by FlexShares.