FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) Short Interest Update

FlexShares US Quality Low Volatility Index Fund (NYSEARCA:QLV) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 27,044 shares, a growth of 90.5% from the April 15th total of 14,195 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 28,266 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On FlexShares US Quality Low Volatility Index Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QLV. Bank of New York Mellon Corp purchased a new position in FlexShares US Quality Low Volatility Index Fund during the first quarter worth $424,000. United Bank lifted its stake in shares of FlexShares US Quality Low Volatility Index Fund by 5.2% during the 1st quarter. United Bank now owns 44,862 shares of the company’s stock worth $3,225,000 after acquiring an additional 2,201 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of FlexShares US Quality Low Volatility Index Fund by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 18,119 shares of the company’s stock worth $1,303,000 after acquiring an additional 419 shares during the last quarter. Alpha Capital Advisors Inc. ADV purchased a new position in FlexShares US Quality Low Volatility Index Fund during the 4th quarter valued at $247,000. Finally, Cetera Investment Advisers boosted its holdings in FlexShares US Quality Low Volatility Index Fund by 4.3% during the 4th quarter. Cetera Investment Advisers now owns 5,143 shares of the company’s stock valued at $371,000 after acquiring an additional 214 shares during the period.

FlexShares US Quality Low Volatility Index Fund Stock Performance

Shares of NYSEARCA:QLV traded up $0.16 on Tuesday, reaching $76.15. The company’s stock had a trading volume of 566 shares, compared to its average volume of 15,288. The company has a 50-day simple moving average of $73.40 and a 200 day simple moving average of $73.04. The company has a market cap of $173.63 million, a P/E ratio of 21.43 and a beta of 0.71. FlexShares US Quality Low Volatility Index Fund has a 52-week low of $66.00 and a 52-week high of $75.99.

About FlexShares US Quality Low Volatility Index Fund

The FlexShares US Quality Low Volatility Index Fund (QLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, market-cap-weighted index of US large- and mid-cap equities. QLV was launched on Jul 15, 2019 and is managed by FlexShares.