Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Drops By 57.6%

Key Points

• Short interest in the FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) has decreased by 57.6% from July to August, dropping from 26,900 shares to 11,400 shares.
• The fund has announced a monthly dividend of $0.1845 per share, with a yield of 4.5%, to be paid on September 8th.
• Several institutional investors have recently increased their holdings in SKOR, including Golden State Wealth Management, which raised its stake by 100%.

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 11,400 shares, adecreaseof57.6% from the July 31st total of 26,900 shares. Based on an average trading volume of 43,500 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 43,500 shares, the days-to-cover ratio is presently 0.3 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.3%

FlexShares Credit-Scored US Corporate Bond Index Fund stock traded up $0.14 during mid-day trading on Friday, reaching $49.20. 56,443 shares of the stock traded hands, compared to its average volume of 53,626. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $47.01 and a 12-month high of $49.26. The business's 50-day moving average is $48.74 and its 200-day moving average is $48.32.

FlexShares Credit-Scored US Corporate Bond Index Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 8th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.1845 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 2nd.

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

Several hedge funds have recently bought and sold shares of SKOR. 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. McGinn Penninger Investment Management Inc. bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at about $723,000. Harbour Trust & Investment Management Co boosted its stake 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. Advisors Preferred LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter worth about $163,000. Finally, Horizon Bancorp Inc. IN grew its position 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 worth $7,812,000 after purchasing an additional 1,915 shares in the last quarter.

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.