FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (NYSEARCA:TLTE) Sees Significant Decline in Short Interest

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (NYSEARCA:TLTE) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 7,035 shares, a drop of 62.2% from the September 15th total of 18,610 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 16,941 shares, the short-interest ratio is currently 0.4 days.

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund Stock Down 1.4%

NYSEARCA:TLTE traded down $1.09 during mid-day trading on Wednesday, reaching $74.17. 13,076 shares of the stock were exchanged, compared to its average volume of 6,707. FlexShares Morningstar Emerging Markets Factor Tilt Index Fund has a 1 year low of $62.11 and a 1 year high of $80.63. The company has a 50 day simple moving average of $76.78 and a 200-day simple moving average of $75.43. The stock has a market capitalization of $341.18 million, a P/E ratio of 12.06 and a beta of 0.68.

About FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

The FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of equities from emerging market countries. The index underweights large-cap and growth stocks in favor of small-cap and value stocks. TLTE was launched on Sep 28, 2012 and is managed by FlexShares.