FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR) Sees Significant Decrease in Short Interest

FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 563 shares, a decrease of 57.9% from the June 30th total of 1,338 shares. Based on an average trading volume of 1,705 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

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

Shares of FlexShares Credit-Scored US Long Corporate Bond Index Fund stock opened at $40.55 on Wednesday. The firm’s 50-day moving average is $41.47 and its 200 day moving average is $41.93. FlexShares Credit-Scored US Long Corporate Bond Index Fund has a 1 year low of $40.12 and a 1 year high of $44.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FlexShares Credit-Scored US Long Corporate Bond Index Fund stock. JPMorgan Chase & Co. purchased a new stake in shares of FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,206 shares of the company’s stock, valued at approximately $94,000. JPMorgan Chase & Co. owned about 0.29% of FlexShares Credit-Scored US Long Corporate Bond Index Fund as of its most recent SEC filing.

About FlexShares Credit-Scored US Long Corporate Bond Index Fund

The FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated investment grade corporate bonds with at least 10 years to maturity selected and weighted by fundamental factors. LKOR was launched on Sep 24, 2015 and is managed by FlexShares.