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

Key Points

• The FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) experienced a 63.2% increase in short interest in August, reaching a total of 18,600 shares.
• Institutional investors have been actively modifying their positions in SKOR, with several firms increasing their stakes by significant percentages, including a 100% increase from Golden State Wealth Management LLC.
• The fund recently announced a monthly dividend of $0.1845 per share, yielding an annualized rate of 4.5%, which was paid on September 8th.

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 18,600 shares, an increase of 63.2% from the August 15th total of 11,400 shares. Currently, 0.2% of the company's shares are sold short. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company's shares are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Horizon Bancorp Inc. IN increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% during the 1st quarter. Horizon Bancorp Inc. IN now owns 161,643 shares of the company's stock valued at $7,812,000 after buying an additional 1,915 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% in 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 in the last quarter. Harbour Trust & Investment Management Co grew its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 4.0% in the first quarter. Harbour Trust & Investment Management Co now owns 306,603 shares of the company's stock worth $14,818,000 after acquiring an additional 11,673 shares during the period. McGinn Penninger Investment Management Inc. bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $723,000. Finally, Vantage Financial Partners LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at about $2,667,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.0%

Shares of NASDAQ SKOR traded up $0.01 during midday trading on Friday, reaching $49.31. The company had a trading volume of 19,464 shares, compared to its average volume of 52,965. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $47.01 and a one year high of $49.46. The firm's fifty day moving average price is $48.88 and its 200-day moving average price is $48.39.

FlexShares Credit-Scored US Corporate Bond Index Fund Dividend Announcement

The business also recently disclosed 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 was Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 4.5%.

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.