FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Sees Large Decline in Short Interest

by · The Cerbat Gem

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 2,223 shares, a decrease of 80.6% from the July 15th total of 11,437 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 6,306 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of FlexShares Quality Dividend Defensive Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of FlexShares Quality Dividend Defensive Index Fund by 32,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 322 shares of the company’s stock valued at $26,000 after buying an additional 321 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in FlexShares Quality Dividend Defensive Index Fund during the fourth quarter worth about $39,000. Security National Bank acquired a new stake in shares of FlexShares Quality Dividend Defensive Index Fund in the fourth quarter valued at $40,000. BOKF NA purchased a new stake in FlexShares Quality Dividend Defensive Index Fund during the 3rd quarter worth approximately $80,000. Finally, PNC Financial Services Group Inc. increased its holdings in 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 purchasing an additional 488 shares during the period.

FlexShares Quality Dividend Defensive Index Fund Stock Performance

QDEF stock traded down $0.34 during midday trading on Friday, reaching $91.37. 7,059 shares of the company traded hands, compared to its average volume of 9,395. The firm has a market capitalization of $561.93 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 $77.25 and a 52-week high of $91.80. The business has a 50 day moving average of $88.03 and a 200-day moving average of $85.14.

About FlexShares Quality Dividend Defensive Index Fund

(Get Free Report)

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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