FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Significant Growth in Short Interest

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKORGet Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 4,200 shares, a growth of 61.5% from the February 13th total of 2,600 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 61,100 shares, the short-interest ratio is currently 0.1 days.

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

Shares of NASDAQ SKOR traded down $0.03 during mid-day trading on Friday, reaching $48.01. The company had a trading volume of 38,796 shares, compared to its average volume of 62,720. The firm has a 50 day simple moving average of $47.93 and a two-hundred day simple moving average of $48.24. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52-week low of $46.67 and a 52-week high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were given a $0.1864 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Anderson Financial Strategies LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at $8,934,000. Flow Traders U.S. LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 3rd quarter worth $3,533,000. Nations Financial Group Inc. IA ADV grew its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock worth $1,148,000 after purchasing an additional 4,365 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 3rd quarter worth $70,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

(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.

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