FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Sees Significant Increase in Short Interest

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,596 shares, an increase of 60.7% from the July 30th total of 4,728 shares. Based on an average daily volume of 6,002 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

FlexShares US Quality Low Volatility Index Fund Stock Performance

QLV stock traded down $0.15 on Tuesday, hitting $79.72. 35,613 shares of the company’s stock were exchanged, compared to its average volume of 11,786. FlexShares US Quality Low Volatility Index Fund has a 12-month low of $70.19 and a 12-month high of $80.63. The firm has a 50 day moving average price of $77.97 and a two-hundred day moving average price of $75.53. The stock has a market cap of $167.41 million, a P/E ratio of 21.43 and a beta of 0.69.

Institutional Investors Weigh In On FlexShares US Quality Low Volatility Index Fund

Several institutional investors have recently added to or reduced their stakes in QLV. Bank of America Corp DE raised its position in shares of FlexShares US Quality Low Volatility Index Fund by 39.6% in the 2nd quarter. Bank of America Corp DE now owns 391,583 shares of the company’s stock valued at $26,667,000 after purchasing an additional 110,994 shares during the last quarter. United Bank increased its stake in FlexShares US Quality Low Volatility Index Fund by 5.2% during the 1st quarter. United Bank now owns 44,862 shares of the company’s stock valued at $3,225,000 after purchasing an additional 2,201 shares in the last quarter. Curry Webb Wealth Management LLC purchased a new position in shares of FlexShares US Quality Low Volatility Index Fund in the first quarter worth $2,209,000. Private Advisor Group LLC raised its holdings in shares of FlexShares US Quality Low Volatility Index Fund by 2.4% in the first quarter. Private Advisor Group LLC now owns 18,119 shares of the company’s stock worth $1,303,000 after buying an additional 419 shares during the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of FlexShares US Quality Low Volatility Index Fund in the fourth quarter worth $1,161,000.

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.