FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Update

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 10,369 shares, a drop of 32.1% from the November 30th total of 15,277 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 38,296 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 38,296 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

Shares of SKOR remained flat at $49.20 during midday trading on Tuesday. 40,719 shares of the stock were exchanged, compared to its average volume of 50,582. The business has a fifty day moving average price of $49.19 and a two-hundred day moving average price of $48.99. FlexShares Credit-Scored US Corporate Bond Index Fund has a fifty-two week low of $47.01 and a fifty-two week high of $49.51.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 19th were given a dividend of $0.1978 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 4.8%. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.18.

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. Advisors Preferred LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 2nd quarter valued at $163,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of 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 purchasing an additional 382 shares during the last quarter. Vantage Financial Partners LLC boosted its position in shares of 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 purchasing an additional 9,562 shares during the period. Horizon Bancorp Inc. IN increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the third quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after buying an additional 11,670 shares during the period. Finally, Harbour Trust & Investment Management Co increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% during the second quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company’s stock worth $15,020,000 after buying an additional 1,316 shares during the period.

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.