FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Significant Drop in Short Interest

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 7,600 shares, a decrease of 74.0% from the September 30th total of 29,200 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 38,900 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 38,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 642 shares of the company’s stock valued at $31,000 after buying an additional 321 shares in the last quarter. Harbour Trust & Investment Management Co increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% in the second quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company’s stock valued at $15,020,000 after buying an additional 1,316 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter valued at $163,000. McGinn Penninger Investment Management Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter valued at $723,000. Finally, Vantage Financial Partners LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter valued at $2,667,000.

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

NASDAQ:SKOR opened at $49.49 on Tuesday. The stock has a fifty day moving average price of $49.20 and a two-hundred day moving average price of $48.62. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $47.01 and a 1 year high of $49.50.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Wednesday, October 1st were given a $0.1819 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.4%.

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.