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

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 8,536 shares, a decrease of 51.9% from the November 30th total of 17,755 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 13,473 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 13,473 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On FlexShares Quality Dividend Defensive Index Fund

Several large investors have recently modified their holdings of QDEF. Flputnam Investment Management Co. acquired a new position in shares of FlexShares Quality Dividend Defensive Index Fund in the 1st quarter valued at $4,839,000. Laurel Wealth Advisors LLC grew its position in FlexShares Quality Dividend Defensive Index Fund by 4,554.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 50,133 shares of the company’s stock worth $3,712,000 after purchasing an additional 49,056 shares during the last quarter. SCS Capital Management LLC purchased a new position in FlexShares Quality Dividend Defensive Index Fund during the 1st quarter worth $1,034,000. Goldman Sachs Group Inc. acquired a new position in FlexShares Quality Dividend Defensive Index Fund in the first quarter valued at $968,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of FlexShares Quality Dividend Defensive Index Fund in the third quarter valued at about $868,000.

FlexShares Quality Dividend Defensive Index Fund Price Performance

Shares of QDEF traded up $0.04 during midday trading on Friday, reaching $81.94. 4,032 shares of the stock were exchanged, compared to its average volume of 10,837. FlexShares Quality Dividend Defensive Index Fund has a twelve month low of $61.61 and a twelve month high of $82.45. The company has a market capitalization of $489.18 million, a price-to-earnings ratio of 20.05 and a beta of 0.85. The business’s 50-day moving average price is $80.69 and its 200 day moving average price is $78.23.

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.