FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Volume Increase – Here’s What Happened

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw an uptick in trading volume on Thursday . Approximately 139,726 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 67,348 shares.The stock last traded at $48.24 and had previously closed at $48.18.

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

The company has a 50 day simple moving average of $48.43 and a 200-day simple moving average of $48.79.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were paid a dividend of $0.1861 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.6%.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

Several institutional investors have recently added to or reduced their stakes in the business. Vantage Financial Partners LLC raised its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during 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. Birchwood Financial Partners Inc. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at about $88,000. Fiduciary Alliance LLC bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at about $442,000. Finally, Horizon Bancorp Inc. IN raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after acquiring 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.