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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 10,400 shares, a decrease of 54.4% from the November 15th total of 22,800 shares. Based on an average daily trading volume, of 46,900 shares, the short-interest ratio is presently 0.2 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

Shares of SKOR stock traded down $0.09 during mid-day trading on Friday, reaching $48.12. 42,485 shares of the stock traded hands, compared to its average volume of 38,518. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1-year low of $46.67 and a 1-year high of $49.26. The stock’s fifty day simple moving average is $48.27 and its two-hundred day simple moving average is $48.23.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, December 2nd were paid a $0.1945 dividend. The ex-dividend date was Monday, December 2nd.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 3rd quarter valued at about $3,533,000. Horizon Bancorp Inc. IN boosted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% during the third quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock valued at $10,915,000 after buying an additional 34,148 shares during the period. Finally, Harbour Trust & Investment Management Co grew its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the third quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company’s stock valued at $15,098,000 after buying an additional 5,583 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.