FlexShares Real Assets Allocation Index Fund (NASDAQ:ASET) Sees Significant Drop in Short Interest

FlexShares Real Assets Allocation Index Fund (NASDAQ:ASETGet Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 5,800 shares, a drop of 40.2% from the April 15th total of 9,700 shares. Based on an average daily trading volume, of 17,600 shares, the days-to-cover ratio is presently 0.3 days.

Shares of NASDAQ:ASET traded up $0.70 during trading on Friday, reaching $32.17. 2,520 shares of the company’s stock traded hands, compared to its average volume of 17,012. FlexShares Real Assets Allocation Index Fund has a 12 month low of $31.35 and a 12 month high of $35.85. The company has a 50 day moving average of $34.19 and a 200-day moving average of $33.85.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Friday, March 25th were paid a $0.116 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Thursday, March 24th.

A number of hedge funds have recently added to or reduced their stakes in ASET. Legacy CG LLC acquired a new stake in FlexShares Real Assets Allocation Index Fund during the first quarter valued at approximately $11,491,000. Advisor Group Holdings Inc. increased its stake in shares of FlexShares Real Assets Allocation Index Fund by 4,562.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 42,147 shares of the company’s stock worth $36,000 after purchasing an additional 41,243 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of FlexShares Real Assets Allocation Index Fund during the 2nd quarter worth $590,000. Bank of America Corp DE increased its stake in shares of FlexShares Real Assets Allocation Index Fund by 2,250.4% during the 2nd quarter. Bank of America Corp DE now owns 15,066 shares of the company’s stock worth $500,000 after purchasing an additional 14,425 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of FlexShares Real Assets Allocation Index Fund during the 1st quarter worth $369,000.

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