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 recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 7,180 shares, a decline of 63.1% from the April 30th total of 19,463 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 54,902 shares, the days-to-cover ratio is presently 0.1 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $48.62 on Friday. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $47.99 and a 1 year high of $49.53. The company’s 50-day moving average is $48.56 and its two-hundred day moving average is $48.94.

FlexShares Credit-Scored US Corporate Bond Index Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a $0.1885 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, May 1st.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Horizon Bancorp Inc. IN grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after acquiring an additional 10,859 shares during the period. Vantage Financial Partners LLC lifted its stake 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 valued at $3,507,000 after purchasing an additional 8,428 shares during the period. Fiduciary Alliance LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at $442,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter worth $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.