FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 213,940 shares, an increase of 113.5% from the September 30th total of 100,219 shares. Based on an average trading volume of 57,116 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.6% of the company’s shares are sold short.
Institutional Trading of FlexShares International Quality Dividend Index Fund
A number of institutional investors have recently bought and sold shares of IQDF. Keybank National Association OH grew its holdings in FlexShares International Quality Dividend Index Fund by 8.1% during the 1st quarter. Keybank National Association OH now owns 3,092,929 shares of the company’s stock worth $97,953,000 after acquiring an additional 232,724 shares during the period. Bank of New York Mellon Corp grew its stake in FlexShares International Quality Dividend Index Fund by 14.3% during the first quarter. Bank of New York Mellon Corp now owns 859,058 shares of the company’s stock worth $27,206,000 after purchasing an additional 107,281 shares during the period. Envestnet Asset Management Inc. grew its stake in FlexShares International Quality Dividend Index Fund by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 606,604 shares of the company’s stock worth $20,964,000 after purchasing an additional 27,609 shares during the period. Wealthfront Advisers LLC grew its stake in FlexShares International Quality Dividend Index Fund by 45.6% during the first quarter. Wealthfront Advisers LLC now owns 137,173 shares of the company’s stock worth $4,344,000 after purchasing an additional 42,991 shares during the period. Finally, First Financial Corp IN bought a new stake in FlexShares International Quality Dividend Index Fund in the third quarter worth approximately $3,594,000.
FlexShares International Quality Dividend Index Fund Trading Down 1.3%
NYSEARCA:IQDF traded down $0.43 on Friday, reaching $33.64. 42,348 shares of the stock traded hands, compared to its average volume of 71,311. The company’s 50 day moving average is $34.92 and its 200-day moving average is $33.98. FlexShares International Quality Dividend Index Fund has a 1-year low of $28.68 and a 1-year high of $36.52. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.37 and a beta of 0.70.
About FlexShares International Quality Dividend Index Fund
The FlexShares International Quality Dividend Index Fund (IQDF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of non-US companies from developed and emerging markets selected by dividend payments and other fundamentals. The index aims for market-like risk. IQDF was launched on Apr 12, 2013 and is managed by FlexShares.
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