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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 37,623 shares, a growth of 51.4% from the February 26th total of 24,857 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 93,780 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SKOR. Harbour Trust & Investment Management Co lifted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock valued at $15,295,000 after acquiring an additional 2,635 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock worth $878,000 after purchasing an additional 382 shares during the period. Horizon Bancorp Inc. IN increased its holdings 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 valued at $8,420,000 after purchasing an additional 11,670 shares in the last quarter. Vantage Financial Partners LLC increased its holdings 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 in the last quarter. Finally, 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.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

SKOR traded down $0.01 during trading on Friday, reaching $48.28. The company’s stock had a trading volume of 94,754 shares, compared to its average volume of 67,867. The company’s fifty day moving average price is $49.04 and its 200-day moving average price is $49.15. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52-week low of $47.01 and a 52-week high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a $0.176 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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.