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 target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 16,177 shares, an increase of 125.3% from the May 14th total of 7,180 shares. Based on an average daily volume of 59,311 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

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

Large investors have recently modified their holdings of the business. Birchwood Financial Partners Inc. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at $88,000. Fiduciary Alliance LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at $442,000. Vantage Financial Partners LLC lifted its stake 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 purchasing an additional 8,428 shares during the last quarter. Finally, Horizon Bancorp Inc. IN lifted its stake 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 purchasing an additional 10,859 shares during the last quarter.

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

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $48.44 on Friday. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52 week low of $48.09 and a 52 week high of $49.53. The business’s fifty day simple moving average is $48.54 and its 200-day simple moving average is $48.89.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

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

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.