FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Sees Significant Increase in Short Interest

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,915 shares. Based on an average trading volume of 7,563 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

FlexShares Quality Dividend Defensive Index Fund Stock Down 1.0%

Shares of QDEF traded down $0.88 during midday trading on Friday, hitting $90.66. The company had a trading volume of 9,444 shares, compared to its average volume of 8,788. The company’s 50 day moving average price is $90.63 and its 200 day moving average price is $86.53. The stock has a market cap of $550.31 million, a price-to-earnings ratio of 20.05 and a beta of 0.82. FlexShares Quality Dividend Defensive Index Fund has a 52 week low of $77.96 and a 52 week high of $91.97.

Institutional Trading of FlexShares Quality Dividend Defensive Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. BOKF NA acquired a new position in shares of FlexShares Quality Dividend Defensive Index Fund in the 3rd quarter worth approximately $82,000. NORTHSTAR ASSET MANAGEMENT Co bought a new stake in shares of FlexShares Quality Dividend Defensive Index Fund in the 3rd quarter valued at approximately $229,000. WoodTrust Financial Corp bought a new stake in shares of FlexShares Quality Dividend Defensive Index Fund in the 3rd quarter valued at approximately $399,000. Ledyard National Bank acquired a new stake in shares of FlexShares Quality Dividend Defensive Index Fund during the 3rd quarter valued at approximately $490,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of FlexShares Quality Dividend Defensive Index Fund during the 2nd quarter valued at approximately $515,000.

FlexShares Quality Dividend Defensive Index Fund Company Profile

The FlexShares Quality Dividend Defensive Index Fund (QDEF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of companies with higher dividend yields and lower betas chosen from the Northern Trust 1250 Index. QDEF was launched on Dec 14, 2012 and is managed by FlexShares.