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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a significant growth in short interest in 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 volume of 47,100 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Horizon Bancorp Inc. IN acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth approximately $4,910,000. Gleason Group Inc. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter worth $66,000. Finally, Harbour Trust & Investment Management Co lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.1% during the second quarter. Harbour Trust & Investment Management Co now owns 301,795 shares of the company’s stock valued at $14,326,000 after acquiring an additional 3,345 shares during the period.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

SKOR stock traded up $0.05 during trading on Tuesday, hitting $48.33. The company had a trading volume of 26,202 shares, compared to its average volume of 37,752. The business has a 50 day moving average of $48.80 and a 200 day moving average of $48.00. FlexShares Credit-Scored US Corporate Bond Index Fund has a fifty-two week low of $45.33 and a fifty-two week high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

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

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.