FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Update

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 22,800 shares, a drop of 92.8% from the October 31st total of 315,600 shares. Based on an average trading volume of 48,300 shares, the short-interest ratio is currently 0.5 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.2 %

Shares of NASDAQ:SKOR traded up $0.09 during midday trading on Thursday, reaching $48.30. The company’s stock had a trading volume of 20,994 shares, compared to its average volume of 38,284. FlexShares Credit-Scored US Corporate Bond Index Fund has a fifty-two week low of $46.67 and a fifty-two week high of $49.26. The firm has a 50 day moving average price of $48.46 and a two-hundred day moving average price of $48.16.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 7th. Shareholders of record on Friday, November 1st were issued a dividend of $0.2005 per share. This represents a $2.41 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend was Friday, November 1st.

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

Large investors have recently modified their holdings of the stock. Gleason Group Inc. bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter worth about $66,000. Flow Traders U.S. LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter valued at approximately $3,533,000. Horizon Bancorp Inc. IN increased its holdings in shares of 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 acquiring an additional 85,288 shares in the last quarter. Finally, Harbour Trust & Investment Management Co lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.1% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 301,795 shares of the company’s stock worth $14,326,000 after purchasing an additional 3,345 shares in the last quarter.

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.