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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 35,283 shares, a growth of 240.3% from the December 15th total of 10,369 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 42,284 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 42,284 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Institutional investors have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV increased its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock valued at $878,000 after acquiring an additional 382 shares during the period. Harbour Trust & Investment Management Co grew its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company’s stock worth $15,020,000 after purchasing an additional 1,316 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter valued at approximately $163,000. Vantage Financial Partners LLC raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% in the third quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after purchasing an additional 9,562 shares in the last quarter. Finally, Horizon Bancorp Inc. IN lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in the third quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after purchasing an additional 11,670 shares during the period.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.1%

Shares of SKOR stock traded up $0.05 during trading hours on Wednesday, reaching $49.23. 25,175 shares of the company’s stock were exchanged, compared to its average volume of 46,940. FlexShares Credit-Scored US Corporate Bond Index Fund has a fifty-two week low of $47.01 and a fifty-two week high of $49.51. The business has a fifty day moving average price of $49.15 and a 200-day moving average price of $49.04.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 19th were given a dividend of $0.1978 per share. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, December 19th.

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.