FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Up 118.1% in February

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 24,857 shares, a growth of 118.1% from the February 12th total of 11,397 shares. Based on an average daily volume of 39,227 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 39,227 shares, the short-interest ratio is currently 0.6 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Trust & Investment Management Co lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% during the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock valued at $15,295,000 after purchasing an additional 2,635 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock worth $878,000 after buying an additional 382 shares in the last quarter. Horizon Bancorp Inc. IN raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in 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 period. Vantage Financial Partners LLC lifted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the 3rd 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 in the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at about $88,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

NASDAQ SKOR traded down $0.12 during trading hours on Friday, hitting $48.50. 66,889 shares of the company’s stock traded hands, compared to its average volume of 58,453. The business’s fifty day moving average price is $49.19 and its two-hundred day moving average price is $49.19. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52 week low of $47.01 and a 52 week high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.176 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, March 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.