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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 10,900 shares, a decline of 69.4% from the January 15th total of 35,600 shares. Based on an average daily trading volume, of 50,800 shares, the days-to-cover ratio is presently 0.2 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.3 %

Shares of SKOR stock traded up $0.16 during mid-day trading on Thursday, hitting $47.86. The stock had a trading volume of 77,522 shares, compared to its average volume of 54,949. The company’s 50-day simple moving average is $47.84 and its 200-day simple moving average is $48.28. FlexShares Credit-Scored US Corporate Bond Index Fund has a fifty-two week low of $46.67 and a fifty-two week high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 7th. Investors of record on Monday, February 3rd were given a $0.2012 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.19.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

A number of institutional investors have recently added to or reduced their stakes in SKOR. Nations Financial Group Inc. IA ADV lifted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock valued at $1,148,000 after acquiring an additional 4,365 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter valued at about $70,000. Flow Traders U.S. LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter valued at about $3,533,000. Horizon Bancorp Inc. IN boosted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% during the third quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock worth $10,915,000 after buying an additional 34,148 shares in the last quarter. Finally, Harbour Trust & Investment Management Co boosted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the third quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company’s stock worth $15,098,000 after buying an additional 5,583 shares in the last quarter.

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.