FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Up 125.3% in May

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 16,177 shares, a growth of 125.3% from the May 14th total of 7,180 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 59,311 shares, the days-to-cover ratio is presently 0.3 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.1%

SKOR stock opened at $48.44 on Friday. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $48.09 and a 12-month high of $49.53. The business’s fifty day moving average price is $48.54 and its 200 day moving average price is $48.89.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were issued a $0.1943 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Horizon Bancorp Inc. IN raised its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the 1st 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. Fiduciary Alliance LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at $442,000. Birchwood Financial Partners Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at $88,000. Finally, Vantage Financial Partners LLC raised its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock valued at $3,507,000 after buying an additional 8,428 shares during the period.

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.