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 large increase in short interest in the month of October. As of October 30th, there was short interest totaling 37,684 shares, an increase of 477.2% from the October 15th total of 6,529 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 110,209 shares, the short-interest ratio is currently 0.3 days.

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

A hedge fund recently bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Finward Bancorp purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 181,180 shares of the company’s stock, valued at approximately $8,471,000. FlexShares Credit-Scored US Corporate Bond Index Fund accounts for about 5.9% of Finward Bancorp’s investment portfolio, making the stock its 2nd largest holding. Finward Bancorp owned 0.85% of FlexShares Credit-Scored US Corporate Bond Index Fund at the end of the most recent reporting period.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.4%

SKOR stock traded down $0.19 during midday trading on Thursday, reaching $46.90. 46,806 shares of the company’s stock traded hands, compared to its average volume of 101,765. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52 week low of $46.52 and a 52 week high of $49.53. The company has a 50-day moving average price of $47.13 and a two-hundred day moving average price of $48.18.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 6th. Stockholders of record on Monday, November 2nd were given a $0.2031 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1607. The ex-dividend date was Monday, November 2nd.

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.