Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Expands By 35.6%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKORGet Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 8,000 shares, an increase of 35.6% from the March 15th total of 5,900 shares. Based on an average daily trading volume, of 67,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter valued at about $70,000. Nations Financial Group Inc. IA ADV increased its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock valued at $1,148,000 after purchasing an additional 4,365 shares during the last quarter. Finally, Anderson Financial Strategies LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth approximately $8,934,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

NASDAQ SKOR opened at $47.87 on Friday. The stock’s 50 day simple moving average is $48.03 and its 200-day simple moving average is $48.06. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1-year low of $46.75 and a 1-year high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, April 1st were issued a $0.1988 dividend. The ex-dividend date was Tuesday, April 1st. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.19.

About FlexShares Credit-Scored US Corporate Bond Index Fund

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The FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of intermediate-maturity, investment-grade corporate bonds that are selected and weighted by fundamental factors. SKOR was launched on Nov 12, 2014 and is managed by FlexShares.

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