FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Shares Shorted: Short Interest Down 39.9% in September

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 9,115 shares, a decline of 39.9% from the August 31st total of 15,154 shares. Based on an average daily volume of 401,179 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

SKOR stock traded down $0.04 during midday trading on Thursday, reaching $46.71. The company had a trading volume of 115,513 shares, compared to its average volume of 97,892. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $46.52 and a 1 year high of $49.53. The firm has a 50-day moving average price of $47.69 and a 200-day moving average price of $48.19.

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FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.1607 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.93 dividend on an annualized basis and a dividend yield of 4.1%. This is a decrease from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1905.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Horizon Bancorp Inc. IN raised its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Free Report) by 6.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,879 shares of the company’s stock after purchasing an additional 10,859 shares during the period. FlexShares Credit-Scored US Corporate Bond Index Fund makes up approximately 4.2% of Horizon Bancorp Inc. IN’s holdings, making the stock its 8th largest holding. Horizon Bancorp Inc. IN owned approximately 1.25% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $8,746,000 at the end of the most recent reporting period.

About FlexShares Credit-Scored US Corporate Bond Index Fund

(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.

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