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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 11,397 shares, a decrease of 80.4% from the January 29th total of 58,006 shares. Based on an average daily trading volume, of 54,627 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 54,627 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

Several hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter valued at approximately $163,000. Harbour Trust & Investment Management Co lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock valued at $15,295,000 after acquiring an additional 2,635 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake 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 during the period. Horizon Bancorp Inc. IN increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after purchasing an additional 11,670 shares in the last quarter. Finally, Vantage Financial Partners LLC raised its stake in shares of 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 valued at $3,101,000 after purchasing an additional 9,562 shares during the period.

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

SKOR stock opened at $49.45 on Friday. The business’s 50-day moving average price is $49.20 and its two-hundred day moving average price is $49.18. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1-year low of $47.01 and a 1-year high of $49.51.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1944 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, February 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.