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

Key Points

• Short interest in the FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) rose by 49% in September, bringing the total to 29,200 shares as of September 30th.
• The fund recently announced a monthly dividend of $0.1819 per share, reflecting an annualized yield of 4.4% and was paid on October 7th.
• Several hedge funds have made significant adjustments to their positions in SKOR, including a 100% increase in holdings by Golden State Wealth Management LLC during the first quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - ) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 29,200 shares, an increase of 49.0% from the September 15th total of 19,600 shares. Based on an average daily volume of 40,900 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 40,900 shares, the short-interest ratio is presently 0.7 days.

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

FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $49.44 on Thursday. The company has a fifty day simple moving average of $49.16 and a 200-day simple moving average of $48.57. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $47.01 and a 12-month high of $49.49.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.1819 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC raised 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 acquiring an additional 321 shares in the last quarter. Advisors Preferred LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter worth approximately $163,000. McGinn Penninger Investment Management Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth approximately $723,000. Vantage Financial Partners LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at $2,667,000. Finally, Horizon Bancorp Inc. IN grew its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% in 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 during the last quarter.

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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