FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Strong Trading Volume After Dividend Announcement

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw unusually-high trading volume on Monday after the company announced a dividend. Approximately 85,361 shares were traded during trading, an increase of 27% from the previous session’s volume of 67,284 shares.The stock last traded at $48.2950 and had previously closed at $48.62.

The newly announced dividend which will be paid on Friday, June 5th. Stockholders of record on Monday, June 1st will be paid a $0.1943 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.6%

The stock’s 50 day moving average price is $48.56 and its 200 day moving average price is $48.94.

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

A number of hedge funds have recently made changes to their positions in SKOR. Birchwood Financial Partners Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at $88,000. Fiduciary Alliance LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at $442,000. Vantage Financial Partners LLC raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% in the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after acquiring an additional 9,562 shares during the period. Finally, Horizon Bancorp Inc. IN raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after acquiring an additional 10,859 shares during the period.

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.