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

Key Points

• Short interest surged 118.1% in February for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR), rising to 24,857 shares (about 0.2% of shares outstanding) with a short-interest ratio of 0.6 days.
• The fund recently paid a monthly dividend of $0.176 (record Mar 2, paid Mar 6), implying an annualized yield of roughly 4.3%.
• Several institutional investors have adjusted stakes in SKOR, with Harbour Trust & Investment Management holding 310,554 shares and other advisers (e.g., Vantage, Horizon Bancorp) increasing positions.

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - ) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 24,857 shares, an increase of 118.1% from the February 12th total of 11,397 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 39,227 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 39,227 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of SKOR. Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at $88,000. Nations Financial Group Inc. IA ADV lifted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company's stock valued at $878,000 after buying an additional 382 shares during the last quarter. Vantage Financial Partners LLC grew its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company's stock worth $3,101,000 after acquiring an additional 9,562 shares during the period. Horizon Bancorp Inc. IN grew its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company's stock worth $8,420,000 after acquiring an additional 11,670 shares during the period. Finally, Harbour Trust & Investment Management Co increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company's stock worth $15,295,000 after acquiring an additional 2,635 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.4%

SKOR opened at $48.78 on Thursday. FlexShares Credit-Scored US Corporate Bond Index Fund has a twelve month low of $47.01 and a twelve month high of $49.53. The company's 50-day moving average price is $49.20 and its two-hundred day moving average price is $49.19.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a $0.176 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.3%.

About FlexShares Credit-Scored US Corporate Bond Index Fund

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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