Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Grows By 83.0%

Key Points

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FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 26,900 shares, anincreaseof83.0% from the July 15th total of 14,700 shares. Approximately0.2% of the shares of the company are sold short. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is presently 0.6 days. Approximately0.2% of the shares of the company are sold short.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

Hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC boosted 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 last quarter. Advisors Preferred LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter valued at approximately $163,000. McGinn Penninger Investment Management Inc. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $723,000. Vantage Financial Partners LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $2,667,000. Finally, Horizon Bancorp Inc. IN raised its holdings 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 valued at $7,812,000 after acquiring an additional 1,915 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.5%

FlexShares Credit-Scored US Corporate Bond Index Fund stock traded up $0.23 during trading hours on Friday, hitting $49.01. 36,177 shares of the stock traded hands, compared to its average volume of 54,360. The firm's 50 day moving average price is $48.63 and its 200-day moving average price is $48.24. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $47.01 and a 1 year high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, August 1st were paid a dividend of $0.1983 per share. The ex-dividend date was Friday, August 1st.

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.