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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 16,177 shares, an increase of 125.3% from the May 14th total of 7,180 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 59,311 shares, the short-interest ratio is presently 0.3 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

Shares of NASDAQ SKOR traded down $0.03 during trading hours on Friday, hitting $48.44. 48,379 shares of the stock were exchanged, compared to its average volume of 69,317. The company’s 50 day moving average is $48.54 and its 200 day moving average is $48.89. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $48.09 and a one year high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were issued a dividend of $0.1943 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.8%. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

A number of institutional investors have recently made changes to their positions in the business. Birchwood Financial Partners Inc. bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth about $88,000. Vantage Financial Partners LLC increased its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after purchasing an additional 8,428 shares during the period. Fiduciary Alliance LLC bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth about $442,000. Finally, Horizon Bancorp Inc. IN increased its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after purchasing an additional 10,859 shares during the period.

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.