FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) Sees Significant Growth in Short Interest

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 6,287 shares, a growth of 427.9% from the July 30th total of 1,191 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 9,499 shares, the short-interest ratio is currently 0.7 days.

FlexShares Global Quality Real Estate Index Fund Price Performance

Shares of FlexShares Global Quality Real Estate Index Fund stock traded down $0.24 during trading on Wednesday, hitting $64.66. The company’s stock had a trading volume of 4,293 shares, compared to its average volume of 14,345. The stock has a market cap of $420.32 million, a price-to-earnings ratio of 21.15 and a beta of 0.90. FlexShares Global Quality Real Estate Index Fund has a 52 week low of $58.11 and a 52 week high of $67.49. The stock has a 50-day moving average price of $64.74 and a two-hundred day moving average price of $63.78.

Hedge Funds Weigh In On FlexShares Global Quality Real Estate Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC lifted its position in shares of FlexShares Global Quality Real Estate Index Fund by 28.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,837 shares of the company’s stock worth $108,000 after purchasing an additional 409 shares during the period. Goldman Sachs Group Inc. acquired a new position in FlexShares Global Quality Real Estate Index Fund in the fourth quarter valued at $223,000. MML Investors Services LLC lifted its holdings in FlexShares Global Quality Real Estate Index Fund by 11.5% in the fourth quarter. MML Investors Services LLC now owns 9,626 shares of the company’s stock valued at $567,000 after buying an additional 990 shares during the period. Diversify Wealth Management LLC bought a new stake in FlexShares Global Quality Real Estate Index Fund during the first quarter valued at $589,000. Finally, Tcfg Wealth Management LLC bought a new stake in FlexShares Global Quality Real Estate Index Fund during the third quarter valued at $713,000.

About FlexShares Global Quality Real Estate Index Fund

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.