FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Stock Short Interest Falls 39.9%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 9,115 shares, a decline of 39.9% from the August 31st total of 15,154 shares. Based on an average daily trading volume, of 401,179 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

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

An institutional investor recently raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Horizon Bancorp Inc. IN raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,879 shares of the company’s stock after acquiring an additional 10,859 shares during the quarter. FlexShares Credit-Scored US Corporate Bond Index Fund makes up 4.2% of Horizon Bancorp Inc. IN’s investment portfolio, making the stock its 8th largest position. Horizon Bancorp Inc. IN owned 1.25% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $8,746,000 at the end of the most recent quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.1%

NASDAQ SKOR opened at $46.85 on Wednesday. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $46.68 and a 1 year high of $49.53. The company’s 50 day simple moving average is $47.71 and its two-hundred day simple moving average is $48.21.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, September 1st were given a $0.1905 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, September 1st. This is a drop from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1908.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

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.