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

FlexShares US Quality Large Cap Index Fund (BATS:QLC) was the recipient of a large growth in short interest in 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 company’s stock are sold short. Based on an average trading volume of 37,786 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On FlexShares US Quality Large Cap Index Fund

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of FlexShares US Quality Large Cap Index Fund by 13.2% during the 3rd quarter. Northern Trust Corp now owns 6,039,096 shares of the company’s stock worth $470,839,000 after purchasing an additional 703,718 shares in the last quarter. LPL Financial LLC raised its stake in shares of FlexShares US Quality Large Cap Index Fund by 67.6% during the 4th quarter. LPL Financial LLC now owns 166,669 shares of the company’s stock worth $13,498,000 after purchasing an additional 67,228 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of FlexShares US Quality Large Cap Index Fund by 74.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 111,818 shares of the company’s stock worth $9,056,000 after purchasing an additional 47,648 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of 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 worth $8,563,000 after purchasing an additional 44,119 shares in the last quarter. Finally, Advantage Trust Co bought a new stake in shares of FlexShares US Quality Large Cap Index Fund during the 1st quarter worth approximately $2,966,000.

FlexShares US Quality Large Cap Index Fund Stock Performance

BATS QLC opened at $90.47 on Tuesday. The stock has a market capitalization of $669.48 million, a price-to-earnings ratio of 22.28 and a beta of 1.00. The stock’s 50 day moving average price is $84.29 and its two-hundred day moving average price is $82.32. FlexShares US Quality Large Cap Index Fund has a 52 week low of $67.14 and a 52 week high of $90.63.

About FlexShares US Quality Large Cap Index Fund

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.