FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Growth in Short Interest

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 26,900 shares, anincreaseof83.0% from the July 15th total of 14,700 shares. Approximately0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 46,300 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 46,300 shares, the short-interest ratio is currently 0.6 days. Approximately0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SKOR. Golden State Wealth Management LLC increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 642 shares of the company’s stock valued at $31,000 after purchasing an additional 321 shares during the period. Advisors Preferred LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter valued at about $163,000. McGinn Penninger Investment Management Inc. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at about $723,000. Vantage Financial Partners LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at about $2,667,000. Finally, Horizon Bancorp Inc. IN increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% during the 1st quarter. Horizon Bancorp Inc. IN now owns 161,643 shares of the company’s stock valued at $7,812,000 after purchasing an additional 1,915 shares during the period.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.1%

SKOR opened at $48.87 on Wednesday. The business’s 50-day moving average price is $48.59 and its 200-day moving average price is $48.22. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12 month low of $47.01 and a 12 month high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 7th. Stockholders of record on Friday, August 1st were issued a $0.1983 dividend. The ex-dividend date was Friday, August 1st.

About FlexShares Credit-Scored US Corporate Bond Index Fund

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.