FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Update

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKORGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 16,500 shares, a decrease of 32.9% from the March 31st total of 24,600 shares. Based on an average daily trading volume, of 33,800 shares, the short-interest ratio is presently 0.5 days.

Shares of SKOR opened at $48.15 on Friday. The company’s 50 day simple moving average is $49.62 and its 200 day simple moving average is $51.57. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $48.09 and a 1 year high of $54.56.

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 7th. Investors of record on Monday, April 4th were paid a dividend of $0.088 per share. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, April 1st. This represents a $1.06 annualized dividend and a dividend yield of 2.19%.

A number of hedge funds have recently modified their holdings of SKOR. Interactive Financial Advisors increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 21.1% during the third 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 during the last quarter. Flow Traders U.S. LLC acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter worth approximately $915,000. Finally, Horan Securities Inc. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth approximately $25,000.

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