FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Up 1,540.0% in March

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKORGet Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 24,600 shares, a growth of 1,540.0% from the March 15th total of 1,500 shares. Based on an average trading volume of 33,600 shares, the days-to-cover ratio is presently 0.7 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKOR. Horan Securities Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at $25,000. Flow Traders U.S. LLC purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter worth $915,000. Finally, Interactive Financial Advisors lifted its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 21.1% in the 3rd quarter. Interactive Financial Advisors now owns 27,626 shares of the company’s stock worth $1,491,000 after purchasing an additional 4,810 shares in the last quarter.

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $48.99 on Wednesday. The stock’s fifty day simple moving average is $50.29. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1-year low of $48.77 and a 1-year high of $54.56.

The firm also recently declared a monthly dividend, which was paid on Thursday, April 7th. Stockholders of record on Monday, April 4th were paid a dividend of $0.088 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, April 1st. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.08.

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