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

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 48,445 shares, a drop of 57.7% from the April 30th total of 114,400 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 24,421 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of FlexShares Global Quality Real Estate Index Fund

Several hedge funds have recently added to or reduced their stakes in GQRE. Jane Street Group LLC raised its holdings in FlexShares Global Quality Real Estate Index Fund by 247.3% in the first quarter. Jane Street Group LLC now owns 27,813 shares of the company’s stock valued at $1,612,000 after acquiring an additional 19,804 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in FlexShares Global Quality Real Estate Index Fund by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 117,472 shares of the company’s stock valued at $7,161,000 after acquiring an additional 6,071 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in FlexShares Global Quality Real Estate Index Fund in the third quarter valued at approximately $478,000. PFG Advisors raised its holdings in FlexShares Global Quality Real Estate Index Fund by 1.0% in the third quarter. PFG Advisors now owns 45,281 shares of the company’s stock valued at $2,760,000 after acquiring an additional 427 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in FlexShares Global Quality Real Estate Index Fund by 2,550.4% in the third quarter. Bank of America Corp DE now owns 29,844 shares of the company’s stock valued at $1,819,000 after acquiring an additional 28,718 shares in the last quarter.

FlexShares Global Quality Real Estate Index Fund Trading Down 0.4%

NYSEARCA:GQRE traded down $0.23 during mid-day trading on Friday, hitting $64.20. The stock had a trading volume of 23,455 shares, compared to its average volume of 17,583. The stock has a 50-day simple moving average of $62.92 and a two-hundred day simple moving average of $61.80. The company has a market capitalization of $375.57 million, a PE ratio of 21.15 and a beta of 0.93. FlexShares Global Quality Real Estate Index Fund has a twelve month low of $58.11 and a twelve month high of $65.47.

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.