FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR – Get Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,507 shares, a growth of 82.9% from the May 14th total of 824 shares. Based on an average daily volume of 2,837 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.
FlexShares Credit-Scored US Long Corporate Bond Index Fund Price Performance
LKOR stock remained flat at $41.90 during mid-day trading on Monday. The company’s stock had a trading volume of 3,748 shares, compared to its average volume of 5,228. The firm’s 50 day simple moving average is $41.74 and its two-hundred day simple moving average is $42.26. FlexShares Credit-Scored US Long Corporate Bond Index Fund has a 52-week low of $40.78 and a 52-week high of $44.34.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in FlexShares Credit-Scored US Long Corporate Bond Index Fund stock. JPMorgan Chase & Co. acquired a new position in FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,206 shares of the company’s stock, valued at approximately $94,000. JPMorgan Chase & Co. owned 0.29% of FlexShares Credit-Scored US Long Corporate Bond Index Fund at the end of the most recent quarter.
FlexShares Credit-Scored US Long Corporate Bond Index Fund Company Profile
The FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated investment grade corporate bonds with at least 10 years to maturity selected and weighted by fundamental factors. LKOR was launched on Sep 24, 2015 and is managed by FlexShares.
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