FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR) Sees Large Increase in Short Interest

FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,507 shares, a growth of 82.9% from the May 14th total of 824 shares. Based on an average daily volume of 2,837 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

FlexShares Credit-Scored US Long Corporate Bond Index Fund Price Performance

FlexShares Credit-Scored US Long Corporate Bond Index Fund stock opened at $41.98 on Wednesday. FlexShares Credit-Scored US Long Corporate Bond Index Fund has a fifty-two week low of $40.78 and a fifty-two week high of $44.34. The stock has a 50-day simple moving average of $41.75 and a 200-day simple moving average of $42.24.

Institutional Trading of FlexShares Credit-Scored US Long Corporate Bond Index Fund

A hedge fund recently bought a new stake in FlexShares Credit-Scored US Long Corporate Bond Index Fund stock. JPMorgan Chase & Co. acquired a new stake in shares of FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,206 shares of the company’s stock, valued at approximately $94,000. JPMorgan Chase & Co. owned about 0.29% of FlexShares Credit-Scored US Long Corporate Bond Index Fund as of its most recent SEC filing.

About FlexShares Credit-Scored US Long Corporate Bond Index Fund

The FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated investment grade corporate bonds with at least 10 years to maturity selected and weighted by fundamental factors. LKOR was launched on Sep 24, 2015 and is managed by FlexShares.