Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Expands By 58.3%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 42,100 shares, a growth of 58.3% from the September 30th total of 26,600 shares. Based on an average daily trading volume, of 47,100 shares, the days-to-cover ratio is currently 0.9 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

FlexShares Credit-Scored US Corporate Bond Index Fund stock traded up $0.05 during trading on Tuesday, hitting $48.33. The stock had a trading volume of 26,202 shares, compared to its average volume of 37,752. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $45.33 and a 1 year high of $49.26. The stock’s 50 day moving average is $48.79 and its two-hundred day moving average is $48.01.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1992 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.20.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Gleason Group Inc. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter valued at approximately $66,000. Horizon Bancorp Inc. IN purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter worth $4,910,000. Finally, Harbour Trust & Investment Management Co lifted its stake 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 worth $14,326,000 after purchasing an additional 3,345 shares during the last quarter.

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.