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

by · The Cerbat Gem

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 114,400 shares, an increase of 2,067.5% from the April 15th total of 5,278 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 31,687 shares, the short-interest ratio is presently 3.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Diversify Wealth Management LLC bought a new position in shares of FlexShares Global Quality Real Estate Index Fund in the first quarter worth approximately $589,000. Corient Private Wealth LLC bought a new stake in FlexShares Global Quality Real Estate Index Fund in the 4th quarter worth approximately $1,064,000. Wealthspire Retirement LLC lifted its position in FlexShares Global Quality Real Estate Index Fund by 1.7% in the 4th quarter. Wealthspire Retirement LLC now owns 43,735 shares of the company’s stock worth $2,574,000 after buying an additional 746 shares during the last quarter. Cetera Investment Advisers lifted its position in FlexShares Global Quality Real Estate Index Fund by 32.1% in the 4th quarter. Cetera Investment Advisers now owns 25,981 shares of the company’s stock worth $1,529,000 after buying an additional 6,315 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in FlexShares Global Quality Real Estate Index Fund by 11.5% in the 4th quarter. MML Investors Services LLC now owns 9,626 shares of the company’s stock worth $567,000 after buying an additional 990 shares during the last quarter.

FlexShares Global Quality Real Estate Index Fund Stock Up 0.0%

Shares of GQRE stock traded up $0.01 during trading on Monday, hitting $64.99. The company had a trading volume of 9,677 shares, compared to its average volume of 16,897. The stock’s 50-day moving average is $62.57 and its two-hundred day moving average is $61.38. The stock has a market capitalization of $380.19 million, a price-to-earnings ratio of 21.15 and a beta of 0.93. FlexShares Global Quality Real Estate Index Fund has a 52 week low of $57.47 and a 52 week high of $65.47.

About FlexShares Global Quality Real Estate Index Fund

(Get Free Report)

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.

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