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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 18,600 shares, an increase of 63.2% from the August 15th total of 11,400 shares. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

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

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

NASDAQ:SKOR traded up $0.07 on Monday, hitting $49.38. The stock had a trading volume of 10,907 shares, compared to its average volume of 53,126. The business’s 50-day simple moving average is $48.81 and its two-hundred day simple moving average is $48.36. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52-week low of $47.01 and a 52-week high of $49.38.

FlexShares Credit-Scored US Corporate Bond Index Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.1845 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 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.