FlexShares US Quality Large Cap Index Fund (BATS:QLC) Sees Significant Growth in Short Interest

FlexShares US Quality Large Cap Index Fund (BATS:QLC) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 51,162 shares, a growth of 101.8% from the April 30th total of 25,350 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 37,786 shares, the days-to-cover ratio is currently 1.4 days.

FlexShares US Quality Large Cap Index Fund Price Performance

Shares of BATS QLC opened at $90.14 on Monday. The stock has a market capitalization of $667.04 million, a price-to-earnings ratio of 22.28 and a beta of 1.00. The stock’s fifty day simple moving average is $84.06 and its 200 day simple moving average is $82.24. FlexShares US Quality Large Cap Index Fund has a 52-week low of $67.14 and a 52-week high of $90.28.

Hedge Funds Weigh In On FlexShares US Quality Large Cap Index Fund

A number of hedge funds have recently modified their holdings of QLC. Northern Trust Corp grew its holdings in shares of FlexShares US Quality Large Cap Index Fund by 13.2% in the 3rd quarter. Northern Trust Corp now owns 6,039,096 shares of the company’s stock worth $470,839,000 after acquiring an additional 703,718 shares during the last quarter. LPL Financial LLC grew its holdings in shares of FlexShares US Quality Large Cap Index Fund by 67.6% in the 4th quarter. LPL Financial LLC now owns 166,669 shares of the company’s stock worth $13,498,000 after acquiring an additional 67,228 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of FlexShares US Quality Large Cap Index Fund by 74.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 111,818 shares of the company’s stock worth $9,056,000 after acquiring an additional 47,648 shares during the last quarter. Cetera Investment Advisers raised its stake in FlexShares US Quality Large Cap Index Fund by 67.4% during the 1st quarter. Cetera Investment Advisers now owns 109,561 shares of the company’s stock valued at $8,563,000 after purchasing an additional 44,119 shares during the period. Finally, Advantage Trust Co acquired a new stake in FlexShares US Quality Large Cap Index Fund during the 1st quarter valued at $2,966,000.

FlexShares US Quality Large Cap Index Fund Company Profile

The FlexShares US Quality Large Cap Index Fund (QLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of the highest quality large-caps in the US market. QLC was launched on Sep 24, 2015 and is managed by FlexShares.