FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw strong trading volume on Wednesday . 57,762 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 66,854 shares.The stock last traded at $47.70 and had previously closed at $47.68.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The stock has a 50-day moving average of $48.04 and a 200-day moving average of $48.08.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 7th. Stockholders of record on Tuesday, April 1st were issued a $0.1988 dividend. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.19. The ex-dividend date of this dividend was Tuesday, April 1st.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter valued at approximately $70,000. Nations Financial Group Inc. IA ADV raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock worth $1,148,000 after purchasing an additional 4,365 shares during the period. Finally, Anderson Financial Strategies LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth $8,934,000.

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.