FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,142 shares, a drop of 72.1% from the August 15th total of 4,090 shares. Based on an average daily volume of 7,900 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
FlexShares Quality Dividend Defensive Index Fund Stock Performance
FlexShares Quality Dividend Defensive Index Fund stock traded up $0.62 during midday trading on Friday, reaching $90.53. 4,788 shares of the company’s stock were exchanged, compared to its average volume of 9,090. The stock’s 50-day simple moving average is $89.89 and its 200 day simple moving average is $86.31. The firm has a market cap of $556.76 million, a price-to-earnings ratio of 20.05 and a beta of 0.82. FlexShares Quality Dividend Defensive Index Fund has a 52 week low of $77.96 and a 52 week high of $91.97.
Institutional Investors Weigh In On FlexShares Quality Dividend Defensive Index Fund
A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in FlexShares Quality Dividend Defensive Index Fund by 32,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 322 shares of the company’s stock worth $26,000 after purchasing an additional 321 shares during the period. Security National Bank bought a new position in shares of FlexShares Quality Dividend Defensive Index Fund in the fourth quarter valued at about $40,000. BOKF NA bought a new position in shares of FlexShares Quality Dividend Defensive Index Fund in the third quarter valued at about $80,000. PNC Financial Services Group Inc. lifted its stake in shares of FlexShares Quality Dividend Defensive Index Fund by 87.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,049 shares of the company’s stock worth $85,000 after buying an additional 488 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of FlexShares Quality Dividend Defensive Index Fund during the 4th quarter worth about $143,000.
About FlexShares Quality Dividend Defensive Index Fund
The FlexShares Quality Dividend Defensive Index Fund (QDEF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of companies with higher dividend yields and lower betas chosen from the Northern Trust 1250 Index. QDEF was launched on Dec 14, 2012 and is managed by FlexShares.
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