FlexShares US Quality Large Cap Index Fund (BATS:QLC – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 47,026 shares, an increase of 110.3% from the September 15th total of 22,359 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 99,221 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On FlexShares US Quality Large Cap Index Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QLC. First Heartland Consultants Inc. purchased a new position in FlexShares US Quality Large Cap Index Fund during the 3rd quarter worth approximately $727,000. Envestnet Asset Management Inc. lifted its holdings in shares of FlexShares US Quality Large Cap Index Fund by 4.2% in the second quarter. Envestnet Asset Management Inc. now owns 878,979 shares of the company’s stock valued at $78,994,000 after purchasing an additional 35,030 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of FlexShares US Quality Large Cap Index Fund in the second quarter valued at $70,000. IFP Advisors Inc purchased a new stake in shares of FlexShares US Quality Large Cap Index Fund in the second quarter valued at $1,992,000. Finally, Citadel Advisors LLC acquired a new stake in shares of FlexShares US Quality Large Cap Index Fund in the second quarter worth $1,089,000.
FlexShares US Quality Large Cap Index Fund Price Performance
QLC stock opened at $92.42 on Tuesday. FlexShares US Quality Large Cap Index Fund has a 52-week low of $75.75 and a 52-week high of $94.07. The company’s 50 day simple moving average is $92.39 and its 200-day simple moving average is $88.99. The firm has a market capitalization of $683.91 million, a P/E ratio of 22.28 and a beta of 1.00.
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.
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