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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 10,900 shares, a decline of 69.4% from the January 15th total of 35,600 shares. Based on an average daily volume of 50,800 shares, the days-to-cover ratio is presently 0.2 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.3 %

SKOR stock traded up $0.15 during midday trading on Friday, reaching $48.01. 35,514 shares of the company were exchanged, compared to its average volume of 54,300. The business has a 50-day moving average price of $47.83 and a two-hundred day moving average price of $48.28. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $46.67 and a one year high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2012 per share. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund's previous dividend of $0.19. The ex-dividend date was Monday, February 3rd.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter worth $70,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company's stock worth $1,148,000 after buying an additional 4,365 shares in the last quarter. Harbour Trust & Investment Management Co lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the third quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company's stock worth $15,098,000 after buying an additional 5,583 shares in the last quarter. Horizon Bancorp Inc. IN lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% during the third quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company's stock worth $10,915,000 after buying an additional 34,148 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter worth $3,533,000.

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.