FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Volume Increase – Still a Buy?

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw unusually-strong trading volume on Tuesday. 2,119,322 shares traded hands during trading, an increase of 2,292% from the previous session’s volume of 88,618 shares. The stock last traded at $46.79 and had previously closed at $46.79.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The stock’s 50 day simple moving average is $47.74 and its two-hundred day simple moving average is $48.22.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.1905 per share. This represents a $2.29 annualized dividend and a yield of 4.9%. This is a negative change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1908. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

An institutional investor recently raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Horizon Bancorp Inc. IN boosted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) by 6.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,879 shares of the company’s stock after buying an additional 10,859 shares during the period. FlexShares Credit-Scored US Corporate Bond Index Fund makes up 4.2% of Horizon Bancorp Inc. IN’s investment portfolio, making the stock its 8th biggest holding. Horizon Bancorp Inc. IN owned approximately 1.25% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $8,746,000 as of its most recent SEC filing.

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.