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 recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 58,006 shares, a growth of 197.4% from the January 15th total of 19,506 shares. Based on an average daily volume of 51,063 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 51,063 shares, the short-interest ratio is presently 1.1 days.

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

Several hedge funds have recently made changes to their positions in SKOR. Vantage Financial Partners LLC raised its stake in 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 valued at $3,507,000 after purchasing an additional 8,428 shares in the last quarter. Horizon Bancorp Inc. IN grew its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the third quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after buying an additional 11,670 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock worth $878,000 after acquiring an additional 382 shares during the last quarter. Harbour Trust & Investment Management Co grew its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock worth $15,295,000 after purchasing an additional 2,635 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter valued at about $163,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $49.22 on Thursday. The business’s fifty day moving average is $49.15 and its two-hundred day moving average is $49.13. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52 week low of $47.01 and a 52 week high of $49.51.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

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

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.