FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Strong Trading Volume – Here’s What Happened

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKORGet Free Report) saw strong trading volume on Friday . 3,325,665 shares were traded during mid-day trading, an increase of 4,841% from the previous session’s volume of 67,305 shares.The stock last traded at $47.36 and had previously closed at $47.33.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The firm’s 50 day moving average is $47.99 and its 200 day moving average is $48.39.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st were issued a $0.1905 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Birchwood Financial Partners Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth $88,000. Fiduciary Alliance LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at $442,000. Finally, Horizon Bancorp Inc. IN boosted its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after buying an additional 10,859 shares during the period.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

(Get Free Report)

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.

Further Reading

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