FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 16,100 shares, a decrease of 29.4% from the April 30th total of 22,800 shares. Based on an average daily volume of 59,500 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company's stock are short sold.
Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund
Several institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 642 shares of the company's stock valued at $31,000 after purchasing an additional 321 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 3rd quarter valued at about $70,000. Horizon Bancorp Inc. IN lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% in the first quarter. Horizon Bancorp Inc. IN now owns 161,643 shares of the company's stock valued at $7,812,000 after buying an additional 1,915 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake 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 worth $1,148,000 after purchasing an additional 4,365 shares during the period. Finally, Harbour Trust & Investment Management Co increased its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 4.0% in the first quarter. Harbour Trust & Investment Management Co now owns 306,603 shares of the company's stock valued at $14,818,000 after purchasing an additional 11,673 shares during the last quarter.
FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.0%
SKOR traded down $0.01 on Tuesday, hitting $48.07. The company's stock had a trading volume of 17,167 shares, compared to its average volume of 48,427. The company's 50 day simple moving average is $47.98 and its 200-day simple moving average is $47.98. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12 month low of $47.01 and a 12 month high of $49.26.
FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, June 6th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.2139 per share. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund's previous monthly dividend of $0.20. This represents a $2.57 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Monday, June 2nd.
About FlexShares Credit-Scored US Corporate Bond Index Fund
(
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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.
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