FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Down 63.1% in May

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,180 shares, a drop of 63.1% from the April 30th total of 19,463 shares. Based on an average daily volume of 54,902 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.0%

SKOR traded up $0.02 during trading on Friday, hitting $48.62. 33,162 shares of the stock traded hands, compared to its average volume of 67,890. FlexShares Credit-Scored US Corporate Bond Index Fund has a twelve month low of $47.99 and a twelve month high of $49.53. The business has a 50 day moving average price of $48.56 and a 200 day moving average price of $48.94.

FlexShares Credit-Scored US Corporate Bond Index Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a $0.1885 dividend. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SKOR. Vantage Financial Partners LLC boosted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock worth $3,101,000 after buying an additional 9,562 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter worth about $88,000. Fiduciary Alliance LLC bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth about $442,000. Finally, Horizon Bancorp Inc. IN boosted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after purchasing an additional 10,859 shares in the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

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.