FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Shares Shorted: Short Interest Up 477.2% in October

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 37,684 shares, an increase of 477.2% from the October 15th total of 6,529 shares. Based on an average trading volume of 110,209 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $47.09 on Wednesday. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $46.52 and a one year high of $49.53. The stock’s 50-day moving average is $47.14 and its 200 day moving average is $48.20.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 6th. Shareholders of record on Monday, November 2nd were paid a $0.2031 dividend. This represents a $2.44 annualized dividend and a yield of 5.2%. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1607. The ex-dividend date of this dividend was Monday, November 2nd.

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

A hedge fund recently bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Finward Bancorp acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 181,180 shares of the company’s stock, valued at approximately $8,471,000. FlexShares Credit-Scored US Corporate Bond Index Fund makes up 5.9% of Finward Bancorp’s portfolio, making the stock its 2nd biggest holding. Finward Bancorp owned 0.85% of FlexShares Credit-Scored US Corporate Bond Index Fund at the end of the most recent reporting 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.