Short Interest in FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Increases By 90.5%

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 27,044 shares, a growth of 90.5% from the April 15th total of 14,195 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 28,266 shares, the days-to-cover ratio is currently 1.0 days.

FlexShares US Quality Low Volatility Index Fund Price Performance

NYSEARCA QLV traded up $0.62 during midday trading on Monday, hitting $75.99. 951 shares of the company traded hands, compared to its average volume of 15,445. The company has a market cap of $173.26 million, a PE ratio of 21.43 and a beta of 0.71. The company’s 50-day simple moving average is $73.40 and its 200-day simple moving average is $73.04. FlexShares US Quality Low Volatility Index Fund has a 52 week low of $66.00 and a 52 week high of $75.99.

Institutional Trading of FlexShares US Quality Low Volatility Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 2nd quarter valued at $38,000. Raymond James Financial Inc. purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 2nd quarter valued at $61,000. Osaic Holdings Inc. lifted its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 15.3% during the 2nd quarter. Osaic Holdings Inc. now owns 8,780 shares of the company’s stock valued at $598,000 after purchasing an additional 1,168 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 45.9% during the 3rd quarter. Citadel Advisors LLC now owns 9,649 shares of the company’s stock valued at $694,000 after purchasing an additional 3,035 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the 1st quarter valued at $424,000.

FlexShares US Quality Low Volatility Index Fund Company Profile

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.