FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Volume Increase – Here’s What Happened

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKORGet Free Report) saw unusually-high trading volume on Friday . 3,325,665 shares were traded during mid-day trading, an increase of 4,841% from the previous session’s volume of 67,305 shares.The stock last traded at $47.36 and had previously closed at $47.33.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.0%

The stock has a 50-day moving average of $47.99 and a 200 day moving average of $48.39.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st were paid a $0.1905 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, September 1st.

Institutional Investors 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. Horizon Bancorp Inc. IN grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after purchasing an additional 10,859 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter valued at $442,000. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at $88,000.

About FlexShares Credit-Scored US Corporate Bond Index Fund

(Get Free Report)

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.

Further Reading

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