FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Update

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 22,800 shares, a decline of 92.8% from the October 31st total of 315,600 shares. Based on an average daily volume of 48,300 shares, the short-interest ratio is currently 0.5 days.

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

Hedge funds have recently made changes to their positions in the company. Gleason Group Inc. bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter worth $66,000. Flow Traders U.S. LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter valued at about $3,533,000. Horizon Bancorp Inc. IN grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 83.0% during the second quarter. Horizon Bancorp Inc. IN now owns 188,059 shares of the company’s stock valued at $8,927,000 after purchasing an additional 85,288 shares during the period. Finally, Harbour Trust & Investment Management Co boosted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.1% in the second quarter. Harbour Trust & Investment Management Co now owns 301,795 shares of the company’s stock worth $14,326,000 after acquiring an additional 3,345 shares during the period.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

FlexShares Credit-Scored US Corporate Bond Index Fund stock traded up $0.10 during trading hours on Wednesday, reaching $48.31. The company had a trading volume of 12,632 shares, compared to its average volume of 38,234. The company has a 50-day moving average price of $48.47 and a 200 day moving average price of $48.16. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $46.67 and a 12-month high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, November 1st were given a dividend of $0.2005 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.41 annualized dividend and a dividend yield of 4.98%.

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.