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) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 58,006 shares, an increase of 197.4% from the January 15th total of 19,506 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 51,063 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 51,063 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s shares are sold short.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Preferred LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter worth $163,000. Nations Financial Group Inc. IA ADV increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the third 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 in the last quarter. Vantage Financial Partners LLC raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% in the third quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after buying an additional 9,562 shares during the last quarter. Horizon Bancorp Inc. IN increased its stake 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 valued at $8,420,000 after purchasing an additional 11,670 shares in the last quarter. Finally, Harbour Trust & Investment Management Co lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock worth $15,295,000 after acquiring an additional 2,635 shares during the period.

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

SKOR opened at $49.22 on Thursday. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $47.01 and a 12-month high of $49.51. The stock has a fifty day simple moving average of $49.15 and a two-hundred day simple moving average of $49.13.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

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

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.