FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Stock Short Interest Jumps 477.2%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 37,684 shares, an increase of 477.2% from the October 15th total of 6,529 shares. Based on an average daily volume of 110,209 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

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

A hedge fund recently bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Finward Bancorp purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) in the third quarter, according to its most recent filing with the SEC. The firm purchased 181,180 shares of the company’s stock, valued at approximately $8,471,000. FlexShares Credit-Scored US Corporate Bond Index Fund accounts for about 5.9% of Finward Bancorp’s portfolio, making the stock its 2nd largest position. Finward Bancorp owned about 0.85% of FlexShares Credit-Scored US Corporate Bond Index Fund at the end of the most recent reporting period.

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

Shares of SKOR stock traded up $0.01 during trading hours on Friday, reaching $46.91. 4,643 shares of the stock were exchanged, compared to its average volume of 101,302. The business’s fifty day moving average is $47.12 and its two-hundred day moving average is $48.17. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $46.52 and a 12-month high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 6th. Investors of record on Monday, November 2nd were given a $0.2031 dividend. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1607. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.2%.

About FlexShares Credit-Scored US Corporate Bond Index Fund

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.