Short Interest in FlexShares STOXX Global ESG Select Index Fund (BATS:ESGG) Declines By 38.7%

FlexShares STOXX Global ESG Select Index Fund (BATS:ESGG) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 274 shares, a decline of 38.7% from the August 15th total of 447 shares. Based on an average daily trading volume, of 532 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

FlexShares STOXX Global ESG Select Index Fund Stock Performance

ESGG opened at $235.40 on Thursday. The company’s 50-day simple moving average is $236.92 and its two-hundred day simple moving average is $224.90. The stock has a market capitalization of $111.82 million, a P/E ratio of 21.09 and a beta of 0.97. FlexShares STOXX Global ESG Select Index Fund has a 52-week low of $194.43 and a 52-week high of $243.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC grew its position in FlexShares STOXX Global ESG Select Index Fund by 5.7% in the 2nd quarter. CoreCap Advisors LLC now owns 9,228 shares of the company’s stock worth $2,152,000 after purchasing an additional 494 shares during the period. Western Wealth Management LLC bought a new position in shares of FlexShares STOXX Global ESG Select Index Fund during the 1st quarter valued at $44,000. Forefront Analytics LLC lifted its holdings in shares of FlexShares STOXX Global ESG Select Index Fund by 92.4% during the 1st quarter. Forefront Analytics LLC now owns 44,239 shares of the company’s stock valued at $8,843,000 after buying an additional 21,240 shares during the period. Cetera Investment Advisers boosted its stake in shares of FlexShares STOXX Global ESG Select Index Fund by 8.1% in the 1st quarter. Cetera Investment Advisers now owns 5,791 shares of the company’s stock worth $1,158,000 after buying an additional 432 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of FlexShares STOXX Global ESG Select Index Fund by 8.2% in the fourth quarter. HighTower Advisors LLC now owns 4,415 shares of the company’s stock worth $906,000 after acquiring an additional 336 shares during the period.

About FlexShares STOXX Global ESG Select Index Fund

The FlexShares STOXX Global ESG Select Index Fund (ESGG) is an exchange-traded fund that is based on the STOXX Global ESG Select KPIs index. The fund follows a principles-based global index composed of companies that exhibit environmental, social, and corporate governance (ESG) characteristics. ESGG was launched on Jul 13, 2016 and is managed by FlexShares.