FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Unusually-High Trading Volume – Here’s Why

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares saw unusually-high trading volume on Thursday . Approximately 351,936 shares were traded during trading, an increase of 419% from the previous session’s volume of 67,784 shares.The stock last traded at $48.1050 and had previously closed at $48.08.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The company has a 50 day simple moving average of $48.14 and a two-hundred day simple moving average of $48.51.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were given a $0.1908 dividend. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, August 3rd.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Horizon Bancorp Inc. IN lifted its stake in 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 valued at $8,746,000 after acquiring an additional 10,859 shares during the period. Fiduciary Alliance LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $442,000. Vantage Financial Partners LLC increased its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after acquiring an additional 8,428 shares during the period. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth $88,000.

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.