FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Up 125.3% in May

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 16,177 shares, an increase of 125.3% from the May 14th total of 7,180 shares. Based on an average trading volume of 59,311 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $48.44 on Monday. The stock’s fifty day moving average price is $48.54 and its two-hundred day moving average price is $48.89. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $48.09 and a one year high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were paid a dividend of $0.1943 per share. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Birchwood Financial Partners Inc. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter worth $88,000. Fiduciary Alliance LLC bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth $442,000. Vantage Financial Partners LLC increased its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after acquiring an additional 8,428 shares during the period. Finally, Horizon Bancorp Inc. IN increased its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after acquiring an additional 10,859 shares during the 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.