FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Up 51.4% in March

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 37,623 shares, an increase of 51.4% from the February 26th total of 24,857 shares. Based on an average daily volume of 93,780 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

NASDAQ:SKOR traded down $0.01 during trading hours on Friday, hitting $48.28. The company’s stock had a trading volume of 94,754 shares, compared to its average volume of 67,867. FlexShares Credit-Scored US Corporate Bond Index Fund has a twelve month low of $47.01 and a twelve month high of $49.53. The stock has a fifty day simple moving average of $49.04 and a 200-day simple moving average of $49.15.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

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

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

A number of hedge funds have recently added to or reduced their stakes in SKOR. Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth $88,000. Nations Financial Group Inc. IA ADV boosted its holdings in shares of 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 acquiring an additional 382 shares in the last quarter. Vantage Financial Partners LLC grew its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock worth $3,101,000 after acquiring an additional 9,562 shares during the last quarter. Horizon Bancorp Inc. IN grew its position 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 during the last quarter. Finally, Harbour Trust & Investment Management Co increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock worth $15,295,000 after purchasing an additional 2,635 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.