FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 27,700 shares, a growth of 326.2% from the March 31st total of 6,500 shares. Based on an average daily trading volume, of 43,700 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter worth about $263,000. Nations Financial Group Inc. IA ADV raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 3.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,573 shares of the company's stock worth $987,000 after purchasing an additional 680 shares during the last quarter. Horizon Bancorp Inc. IN bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter valued at approximately $4,910,000. Finally, Harbour Trust & Investment Management Co purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter valued at approximately $14,182,000.
FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.1 %
Shares of NASDAQ SKOR traded down $0.06 during midday trading on Thursday, hitting $46.87. 13,145 shares of the stock traded hands, compared to its average volume of 39,033. FlexShares Credit-Scored US Corporate Bond Index Fund has a one year low of $45.16 and a one year high of $48.18. The business has a 50 day moving average price of $47.39 and a two-hundred day moving average price of $47.11.
FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.1998 per share. The ex-dividend date was Monday, April 1st. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund's previous dividend of $0.18.
FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile
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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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