FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Shares Shorted: Short Interest Up 477.2% in October

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 37,684 shares, a growth of 477.2% from the October 15th total of 6,529 shares. Based on an average daily trading volume, of 110,209 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

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

A hedge fund recently raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Vaquero Private Wealth Ltd. increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) by 164.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,813 shares of the company’s stock after buying an additional 54,550 shares during the period. Vaquero Private Wealth Ltd. owned 0.39% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $4,106,000 at the end of the most recent reporting period.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.6%

FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $47.09 on Wednesday. The stock’s 50 day moving average is $47.14 and its 200 day moving average is $48.20. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $46.52 and a one year high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 6th. Stockholders of record on Monday, November 2nd were given a $0.2031 dividend. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1607. The ex-dividend date was Monday, November 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.2%.

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.