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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw strong trading volume on Thursday . Approximately 139,726 shares traded hands during trading, an increase of 107% from the previous session’s volume of 67,348 shares.The stock last traded at $48.24 and had previously closed at $48.18.

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

The business’s fifty day moving average is $48.41 and its two-hundred day moving average is $48.78.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were paid a $0.1861 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Birchwood Financial Partners Inc. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter worth $88,000. Fiduciary Alliance LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at about $442,000. Vantage Financial Partners LLC grew its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after buying an additional 8,428 shares in the last quarter. Finally, Horizon Bancorp Inc. IN increased its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after buying an additional 10,859 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.