FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Short Interest Update

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 6,110 shares, an increase of 168.8% from the February 26th total of 2,273 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 42,156 shares, the days-to-cover ratio is currently 0.1 days.

FlexShares Quality Dividend Index Fund Stock Performance

NYSEARCA:QDF traded down $1.22 during trading hours on Friday, hitting $77.42. The stock had a trading volume of 22,795 shares, compared to its average volume of 31,534. The business’s 50 day moving average is $81.93 and its 200-day moving average is $80.74. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 21.14 and a beta of 0.93. FlexShares Quality Dividend Index Fund has a one year low of $58.79 and a one year high of $84.28.

FlexShares Quality Dividend Index Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were paid a dividend of $0.1983 per share. This represents a $0.79 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, March 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new stake in shares of FlexShares Quality Dividend Index Fund in the fourth quarter worth about $45,000. Asset Dedication LLC acquired a new position in shares of FlexShares Quality Dividend Index Fund in the 2nd quarter valued at approximately $51,000. Rossmore Private Capital acquired a new position in shares of FlexShares Quality Dividend Index Fund in the 3rd quarter valued at approximately $66,000. GPS Wealth Strategies Group LLC bought a new stake in FlexShares Quality Dividend Index Fund during the 3rd quarter worth approximately $69,000. Finally, International Assets Investment Management LLC acquired a new stake in FlexShares Quality Dividend Index Fund during the 4th quarter worth approximately $80,000.

FlexShares Quality Dividend Index Fund Company Profile

The FlexShares Quality Dividend Index Fund (QDF) is an exchange-traded fund that is based on the Northern Trust Quality Dividend index. The fund tracks an index of companies deemed to have secure dividends that matches the beta of the Northern Trust 1250 Index. QDF was launched on Dec 14, 2012 and is managed by FlexShares.