FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Shares Shorted: Short Interest Down 39.9% in September

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 9,115 shares, a decline of 39.9% from the August 31st total of 15,154 shares. Based on an average trading volume of 401,179 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Horizon Bancorp Inc. IN grew its stake in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,879 shares of the company’s stock after acquiring an additional 10,859 shares during the period. FlexShares Credit-Scored US Corporate Bond Index Fund accounts for 4.2% of Horizon Bancorp Inc. IN’s holdings, making the stock its 8th biggest holding. Horizon Bancorp Inc. IN owned about 1.25% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $8,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

Shares of NASDAQ:SKOR traded down $0.07 on Friday, reaching $46.64. The company’s stock had a trading volume of 35,434 shares, compared to its average volume of 97,546. The company has a 50-day simple moving average of $47.66 and a 200 day simple moving average of $48.18. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52-week low of $46.52 and a 52-week high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.1607 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.93 annualized dividend and a dividend yield of 4.1%. This is a decrease from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1905.

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.