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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 7,900 shares, a decline of 86.4% from the May 31st total of 58,300 shares. Based on an average daily volume of 40,100 shares, the short-interest ratio is currently 0.2 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

NASDAQ SKOR traded down $0.10 during mid-day trading on Friday, reaching $47.47. 28,617 shares of the stock were exchanged, compared to its average volume of 35,571. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $45.16 and a one year high of $48.18. The stock has a 50 day simple moving average of $47.35 and a 200-day simple moving average of $47.51.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were issued a $0.2002 dividend. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.20. This represents a $2.40 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Monday, June 3rd.

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

Large investors have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV increased its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 3.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,573 shares of the company’s stock valued at $987,000 after purchasing an additional 680 shares in the last quarter. Horizon Bancorp Inc. IN bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at about $4,910,000. Finally, Harbour Trust & Investment Management Co bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at about $14,182,000.

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.