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 significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,200 shares, a growth of 61.5% from the February 13th total of 2,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 61,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SKOR. Anderson Financial Strategies LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth approximately $8,934,000. Flow Traders U.S. LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 3rd quarter worth $3,533,000. Nations Financial Group Inc. IA ADV raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock worth $1,148,000 after buying an additional 4,365 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter worth $70,000.

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

FlexShares Credit-Scored US Corporate Bond Index Fund stock traded down $0.03 during midday trading on Friday, hitting $48.01. 38,796 shares of the company’s stock were exchanged, compared to its average volume of 62,720. The firm’s 50 day simple moving average is $47.93 and its 200 day simple moving average is $48.24. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $46.67 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 Friday, March 7th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1864 per share. The ex-dividend date of this dividend was Monday, March 3rd.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

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.