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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 35,283 shares, an increase of 240.3% from the December 15th total of 10,369 shares. Based on an average trading volume of 42,284 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 42,284 shares, the short-interest ratio is presently 0.8 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.1%

SKOR opened at $49.11 on Tuesday. The company has a 50 day simple moving average of $49.15 and a two-hundred day simple moving average of $49.04. 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 Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 19th were issued a $0.1978 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 4.8%. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.18.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Preferred LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter valued at about $163,000. Nations Financial Group Inc. IA ADV raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during 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 during the period. Vantage Financial Partners LLC raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after purchasing an additional 9,562 shares during the period. Horizon Bancorp Inc. IN lifted its holdings in 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 purchasing an additional 11,670 shares in the last quarter. Finally, Harbour Trust & Investment Management Co boosted its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company’s stock worth $15,020,000 after purchasing an additional 1,316 shares during the period.

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.