Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Increases By 51.4%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 37,623 shares, an increase of 51.4% from the February 26th total of 24,857 shares. Based on an average trading volume of 93,780 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Birchwood Financial Partners Inc. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at $88,000. Nations Financial Group Inc. IA ADV increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock worth $878,000 after purchasing an additional 382 shares in the last quarter. Vantage Financial Partners LLC increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% in the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock worth $3,101,000 after purchasing an additional 9,562 shares in the last quarter. Horizon Bancorp Inc. IN raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in the third quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock valued at $8,420,000 after purchasing an additional 11,670 shares during the last quarter. Finally, Harbour Trust & Investment Management Co raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock valued at $15,295,000 after purchasing an additional 2,635 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

SKOR stock opened at $48.28 on Monday. The company has a 50 day simple moving average of $49.04 and a 200 day simple moving average of $49.15. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $47.01 and a 1 year high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.176 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, March 2nd.

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.