FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) experienced a significant increase in trading volume, with approximately 79,061 shares traded, a 49% increase from the previous session.
• The fund recently announced a monthly dividend of $0.1845, resulting in an annualized yield of 4.5% for shareholders of record.
• Several institutional investors have increased their stakes in SKOR, with Golden State Wealth Management LLC doubling its investment, reflecting growing interest in the fund.

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - ) saw unusually-strong trading volume on Tuesday . Approximately 79,061 shares changed hands during mid-day trading, an increase of 49% from the previous session's volume of 53,110 shares.The stock last traded at $49.29 and had previously closed at $49.31.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The business has a fifty day simple moving average of $48.91 and a two-hundred day simple moving average of $48.41.

FlexShares Credit-Scored US Corporate Bond Index Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Tuesday, September 2nd were issued a $0.1845 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 642 shares of the company's stock worth $31,000 after buying an additional 321 shares during the period. Harbour Trust & Investment Management Co raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% in the second quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company's stock worth $15,020,000 after buying an additional 1,316 shares during the period. Horizon Bancorp Inc. IN raised its stake in shares of 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 worth $7,812,000 after buying an additional 1,915 shares during the period. Advisors Preferred LLC bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter worth about $163,000. Finally, McGinn Penninger Investment Management Inc. bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth about $723,000.

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.

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