FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Short Interest Update

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,430 shares, a decrease of 54.8% from the June 30th total of 14,227 shares. Based on an average daily volume of 5,745 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On FlexShares US Quality Low Volatility Index Fund

Hedge funds have recently modified their holdings of the stock. Curry Webb Wealth Management LLC purchased a new stake in FlexShares US Quality Low Volatility Index Fund during the 1st quarter worth approximately $2,209,000. Bank of New York Mellon Corp purchased a new stake in shares of FlexShares US Quality Low Volatility Index Fund during the first quarter valued at $424,000. United Bank grew its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 5.2% during the first quarter. United Bank now owns 44,862 shares of the company’s stock valued at $3,225,000 after buying an additional 2,201 shares during the last quarter. Private Advisor Group LLC increased its position in shares of FlexShares US Quality Low Volatility Index Fund by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 18,119 shares of the company’s stock valued at $1,303,000 after acquiring an additional 419 shares during the period. Finally, Alpha Capital Advisors Inc. ADV acquired a new position in shares of FlexShares US Quality Low Volatility Index Fund in the 4th quarter valued at $247,000.

FlexShares US Quality Low Volatility Index Fund Stock Up 1.1%

Shares of FlexShares US Quality Low Volatility Index Fund stock traded up $0.82 during trading on Tuesday, reaching $78.30. The company’s stock had a trading volume of 9,163 shares, compared to its average volume of 12,493. FlexShares US Quality Low Volatility Index Fund has a 1-year low of $68.13 and a 1-year high of $78.43. The company has a 50-day simple moving average of $76.03 and a two-hundred day simple moving average of $74.44. The company has a market cap of $164.43 million, a price-to-earnings ratio of 21.43 and a beta of 0.70.

About FlexShares US Quality Low Volatility Index Fund

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.