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

FlexShares Global Quality Real Estate Index Fund (NYSEARCA:GQRE) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,923 shares, a decrease of 96.6% from the May 31st total of 85,469 shares. Based on an average daily volume of 5,733 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

FlexShares Global Quality Real Estate Index Fund Trading Up 1.0%

NYSEARCA GQRE traded up $0.66 during trading hours on Friday, hitting $64.75. 7,889 shares of the company’s stock traded hands, compared to its average volume of 16,193. The business’s fifty day moving average price is $64.11 and its two-hundred day moving average price is $62.30. The firm has a market capitalization of $378.79 million, a P/E ratio of 21.15 and a beta of 0.91. FlexShares Global Quality Real Estate Index Fund has a 52 week low of $58.11 and a 52 week high of $65.47.

Institutional Investors Weigh In On FlexShares Global Quality Real Estate Index Fund

Hedge funds have recently modified their holdings of the business. Studio Investment Management LLC increased its stake in shares of FlexShares Global Quality Real Estate Index Fund by 1.6% in the 4th quarter. Studio Investment Management LLC now owns 19,932 shares of the company’s stock worth $1,173,000 after purchasing an additional 320 shares in the last quarter. Fermata Advisors LLC grew its holdings in FlexShares Global Quality Real Estate Index Fund by 1.9% during the fourth quarter. Fermata Advisors LLC now owns 20,930 shares of the company’s stock valued at $1,232,000 after purchasing an additional 382 shares during the period. CIBC Private Wealth Group LLC grew its holdings in FlexShares Global Quality Real Estate Index Fund by 28.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,837 shares of the company’s stock valued at $108,000 after purchasing an additional 409 shares during the period. PFG Advisors increased its position in FlexShares Global Quality Real Estate Index Fund by 1.0% in the third quarter. PFG Advisors now owns 45,281 shares of the company’s stock worth $2,760,000 after buying an additional 427 shares in the last quarter. Finally, Wealthspire Retirement LLC increased its position in FlexShares Global Quality Real Estate Index Fund by 1.7% in the fourth quarter. Wealthspire Retirement LLC now owns 43,735 shares of the company’s stock worth $2,574,000 after buying an additional 746 shares in the last quarter.

About FlexShares Global Quality Real Estate Index Fund

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.