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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw unusually-strong trading volume on Thursday . 139,726 shares were traded during 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 Stock Up 0.1%

The business has a fifty day moving average of $48.43 and a 200 day moving average of $48.79.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were given a $0.1861 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

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

Hedge funds have recently made changes to their positions in the stock. Horizon Bancorp Inc. IN raised its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after acquiring an additional 10,859 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth $442,000. Vantage Financial Partners LLC increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the 4th 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 last quarter. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter worth about $88,000.

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.