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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 10,400 shares, a decline of 54.4% from the November 15th total of 22,800 shares. Based on an average daily trading volume, of 46,900 shares, the short-interest ratio is currently 0.2 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbour Trust & Investment Management Co boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.1% in the second quarter. Harbour Trust & Investment Management Co now owns 301,795 shares of the company's stock valued at $14,326,000 after buying an additional 3,345 shares in the last quarter. Horizon Bancorp Inc. IN boosted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 83.0% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 188,059 shares of the company's stock valued at $8,927,000 after acquiring an additional 85,288 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 3rd quarter valued at $3,533,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

Shares of SKOR stock traded down $0.10 on Thursday, hitting $48.21. 16,743 shares of the company's stock were exchanged, compared to its average volume of 38,502. The company has a 50 day moving average of $48.30 and a 200 day moving average of $48.22. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12 month low of $46.67 and a 12 month high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, December 2nd were issued a $0.1945 dividend. The ex-dividend date of this dividend was Monday, December 2nd.

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.