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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 11,397 shares, a drop of 80.4% from the January 29th total of 58,006 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,627 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 54,627 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.0%

Shares of SKOR stock opened at $49.42 on Thursday. The business’s fifty day moving average price is $49.20 and its 200 day moving average price is $49.18. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1-year low of $47.01 and a 1-year high of $49.51.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Birchwood Financial Partners Inc. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth about $88,000. Vantage Financial Partners LLC boosted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after acquiring an additional 8,428 shares in the last quarter. Horizon Bancorp Inc. IN grew its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after acquiring an additional 11,670 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock valued at $878,000 after purchasing an additional 382 shares in the last quarter. Finally, Harbour Trust & Investment Management Co raised its holdings 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 worth $15,295,000 after purchasing an additional 2,635 shares during the last quarter.

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.