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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 4,200 shares, a growth of 61.5% from the February 13th total of 2,600 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 61,100 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of large investors have recently made changes to their positions in SKOR. Anderson Financial Strategies LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter valued at $8,934,000. Flow Traders U.S. LLC acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter valued at $3,533,000. Nations Financial Group Inc. IA ADV lifted its position in 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 valued at $1,148,000 after purchasing an additional 4,365 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter valued at $70,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

Shares of SKOR traded down $0.03 during trading hours on Friday, reaching $48.01. 38,796 shares of the company traded hands, compared to its average volume of 62,720. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $46.67 and a 12-month high of $49.26. The business has a fifty day moving average price of $47.93 and a 200-day moving average price of $48.24.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1864 per share. The ex-dividend date was Monday, March 3rd.

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.