Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Expands By 40.0%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKORGet Rating) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 23,100 shares, an increase of 40.0% from the April 15th total of 16,500 shares. Based on an average trading volume of 32,300 shares, the days-to-cover ratio is presently 0.7 days.

Shares of SKOR opened at $48.04 on Friday. The stock has a 50-day moving average of $49.05 and a two-hundred day moving average of $51.19. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $47.82 and a one year high of $54.56.

The company also recently declared a monthly dividend, which was paid on Friday, May 6th. Shareholders of record on Tuesday, May 3rd were given a dividend of $0.092 per share. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $1.10 dividend on an annualized basis and a yield of 2.30%. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.09.

Institutional investors and hedge funds have recently modified their holdings of the business. Horan Securities Inc. acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter worth about $25,000. Flow Traders U.S. LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 3rd quarter worth about $915,000. Finally, Interactive Financial Advisors lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.4% during the 1st quarter. Interactive Financial Advisors now owns 33,926 shares of the company’s stock worth $1,688,000 after acquiring an additional 2,340 shares during the period.

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