Short Interest in FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) Expands By 96.8%

FlexShares Quality Dividend Defensive Index Fund (NYSEARCA:QDEF) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 16,800 shares, an increase of 96.8% from the December 15th total of 8,536 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 10,184 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 10,184 shares, the short-interest ratio is currently 1.6 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QDEF. Laurel Wealth Advisors LLC lifted its holdings in shares of FlexShares Quality Dividend Defensive Index Fund by 4,554.9% during the second 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 period. Goldman Sachs Group Inc. purchased a new position in FlexShares Quality Dividend Defensive Index Fund during the 1st quarter worth approximately $968,000. Smartleaf Asset Management LLC acquired a new stake in FlexShares Quality Dividend Defensive Index Fund during the 3rd quarter valued at approximately $868,000. Simon Quick Advisors LLC acquired a new stake in FlexShares Quality Dividend Defensive Index Fund during the 3rd quarter valued at approximately $790,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of FlexShares Quality Dividend Defensive Index Fund in the 3rd quarter valued at $718,000.

FlexShares Quality Dividend Defensive Index Fund Stock Down 0.0%

Shares of QDEF traded down $0.03 during trading hours on Friday, reaching $82.26. 6,215 shares of the company traded hands, compared to its average volume of 11,838. The business has a fifty day moving average price of $81.11 and a 200-day moving average price of $79.03. FlexShares Quality Dividend Defensive Index Fund has a 12-month low of $61.61 and a 12-month high of $82.56. The stock has a market capitalization of $501.79 million, a P/E ratio of 20.05 and a beta of 0.85.

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.