FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Update

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 10,900 shares, a decline of 69.4% from the January 15th total of 35,600 shares. Based on an average daily trading volume, of 50,800 shares, the days-to-cover ratio is currently 0.2 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

NASDAQ:SKOR traded up $0.16 during mid-day trading on Thursday, hitting $47.86. 77,522 shares of the company’s stock traded hands, compared to its average volume of 54,949. The firm’s 50 day simple moving average is $47.84 and its 200 day simple moving average is $48.28. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $46.67 and a 1 year high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 7th. Investors of record on Monday, February 3rd were given a dividend of $0.2012 per share. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.19. The ex-dividend date was Monday, February 3rd.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter valued at approximately $70,000. Nations Financial Group Inc. IA ADV boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock worth $1,148,000 after acquiring an additional 4,365 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter worth approximately $3,533,000. Horizon Bancorp Inc. IN raised its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock valued at $10,915,000 after acquiring an additional 34,148 shares during the last quarter. Finally, Harbour Trust & Investment Management Co lifted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company’s stock worth $15,098,000 after purchasing an additional 5,583 shares during the period.

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.