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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 5,200 shares, a decrease of 26.8% from the December 15th total of 7,100 shares. Based on an average trading volume of 43,800 shares, the days-to-cover ratio is presently 0.1 days.

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

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter worth about $70,000. Flow Traders U.S. LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter valued at $3,533,000. Horizon Bancorp Inc. IN boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock worth $10,915,000 after acquiring an additional 34,148 shares during the last quarter. Finally, Harbour Trust & Investment Management Co boosted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company’s stock worth $15,098,000 after buying an additional 5,583 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

Shares of SKOR stock traded up $0.28 during trading hours on Wednesday, reaching $47.68. The company had a trading volume of 100,597 shares, compared to its average volume of 51,666. 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 company has a 50 day moving average of $47.95 and a 200 day moving average of $48.27.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were issued a dividend of $0.1991 per share. This represents a $2.39 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, December 20th.

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.