FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Update

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 5,400 shares, a decline of 66.5% from the May 15th total of 16,100 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 53,700 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew its position in shares of 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 worth $31,000 after buying an additional 321 shares during the period. McGinn Penninger Investment Management Inc. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $723,000. Nations Financial Group Inc. IA ADV increased its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% in 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 in the last quarter. Vantage Financial Partners LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter valued at approximately $2,667,000. Finally, Horizon Bancorp Inc. IN raised its holdings 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 worth $7,812,000 after purchasing an additional 1,915 shares during the period.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.2%

Shares of SKOR traded down $0.11 on Friday, reaching $48.22. 79,311 shares of the company's stock were exchanged, compared to its average volume of 48,978. The business has a 50 day moving average price of $47.98 and a two-hundred day moving average price of $47.99. 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 business also recently disclosed a monthly dividend, which was paid on Friday, June 6th. Investors of record on Monday, June 2nd were paid a dividend of $0.2139 per share. The ex-dividend date was Monday, June 2nd. 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 dividend yield of 5.32%.

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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