Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Increases By 649.6%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 315,600 shares, a growth of 649.6% from the October 15th total of 42,100 shares. Based on an average daily trading volume, of 46,300 shares, the short-interest ratio is presently 6.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SKOR. Horizon Bancorp Inc. IN boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 83.0% during the second quarter. Horizon Bancorp Inc. IN now owns 188,059 shares of the company’s stock valued at $8,927,000 after purchasing an additional 85,288 shares during the last quarter. Harbour Trust & Investment Management Co lifted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% in the third 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. Finally, Gleason Group Inc. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter worth about $66,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund stock traded down $0.15 during trading hours on Tuesday, hitting $48.00. The company’s stock had a trading volume of 24,916 shares, compared to its average volume of 37,843. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1-year low of $45.84 and a 1-year high of $49.26. The business has a fifty day moving average of $48.68 and a 200 day moving average of $48.09.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, November 1st were given a dividend of $0.2005 per share. This represents a $2.41 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Friday, November 1st.

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.