FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 5,400 shares, a decrease of 66.5% from the May 15th total of 16,100 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 53,700 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund
Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 642 shares of the company's stock worth $31,000 after acquiring an additional 321 shares during the period. McGinn Penninger Investment Management Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth approximately $723,000. Nations Financial Group Inc. IA ADV increased its position in shares of 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 acquiring an additional 4,365 shares during the period. Vantage Financial Partners LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth approximately $2,667,000. Finally, Horizon Bancorp Inc. IN increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% during the first quarter. Horizon Bancorp Inc. IN now owns 161,643 shares of the company's stock worth $7,812,000 after acquiring an additional 1,915 shares during the period.
FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance
FlexShares Credit-Scored US Corporate Bond Index Fund stock remained flat at $48.22 during midday trading on Monday. 20,405 shares of the company were exchanged, compared to its average volume of 49,035. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12 month low of $47.01 and a 12 month high of $49.26. The stock has a 50-day simple moving average of $48.00 and a two-hundred day simple moving average of $47.98.
FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, June 6th. Investors of record on Monday, June 2nd were given a $0.2139 dividend. This is a positive change 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 5.32%. The ex-dividend date was Monday, June 2nd.
About FlexShares Credit-Scored US Corporate Bond Index Fund
(
Get Free Report)
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.
Recommended Stories
Before you consider FlexShares Credit-Scored US Corporate Bond Index Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FlexShares Credit-Scored US Corporate Bond Index Fund wasn't on the list.
While FlexShares Credit-Scored US Corporate Bond Index Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
