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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 24,857 shares, an increase of 118.1% from the February 12th total of 11,397 shares. Based on an average daily volume of 39,227 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 39,227 shares, the days-to-cover ratio is presently 0.6 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

SKOR opened at $48.49 on Friday. The stock’s fifty day moving average is $49.17 and its two-hundred day moving average is $49.19. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52 week low of $47.01 and a 52 week high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.176 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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

Several institutional investors have recently made changes to their positions in SKOR. Harbour Trust & Investment Management Co raised its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock valued at $15,295,000 after acquiring an additional 2,635 shares in the last quarter. Horizon Bancorp Inc. IN grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after acquiring an additional 11,670 shares in the last quarter. Vantage Financial Partners LLC grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after acquiring an additional 8,428 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock valued at $878,000 after purchasing an additional 382 shares during the period. Finally, Birchwood Financial Partners Inc. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at about $88,000.

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.