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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 2,300 shares, a decrease of 91.7% from the April 15th total of 27,700 shares. Based on an average daily trading volume, of 37,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SKOR. Harbour Trust & Investment Management Co bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth $14,182,000. Horizon Bancorp Inc. IN acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at about $4,910,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter valued at about $263,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 11.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 22,826 shares of the company's stock worth $1,091,000 after purchasing an additional 2,253 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.1 %

Shares of SKOR traded down $0.03 during trading hours on Friday, hitting $47.22. 12,412 shares of the stock were exchanged, compared to its average volume of 36,865. FlexShares Credit-Scored US Corporate Bond Index Fund has a fifty-two week low of $45.16 and a fifty-two week high of $48.18. The business has a 50-day moving average of $47.31 and a 200-day moving average of $47.23.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were given a dividend of $0.1845 per share. This represents a $2.21 annualized dividend and a dividend yield of 4.69%. The ex-dividend date was Wednesday, May 1st.

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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