FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Down 80.4% in February

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 11,397 shares, a drop of 80.4% from the January 29th total of 58,006 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 54,627 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 54,627 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Birchwood Financial Partners Inc. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at about $88,000. Advisors Preferred LLC acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter worth $163,000. Nations Financial Group Inc. IA ADV grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock valued at $878,000 after buying an additional 382 shares in the last quarter. Vantage Financial Partners LLC grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% in the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after buying an additional 9,562 shares in the last quarter. Finally, Horizon Bancorp Inc. IN increased its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after acquiring an additional 11,670 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

SKOR opened at $49.48 on Friday. FlexShares Credit-Scored US Corporate Bond Index Fund has a twelve month low of $47.01 and a twelve month high of $49.53. The company has a 50-day moving average price of $49.21 and a 200 day moving average price of $49.18.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a $0.1944 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, February 2nd.

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.