Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Rises By 326.2%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 27,700 shares, an increase of 326.2% from the March 31st total of 6,500 shares. Based on an average daily volume of 43,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SKOR. Horizon Bancorp Inc. IN purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at approximately $4,910,000. Nations Financial Group Inc. IA ADV lifted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 3.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,573 shares of the company’s stock worth $987,000 after buying an additional 680 shares during the period. Harbour Trust & Investment Management Co grew its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% during the first quarter. Harbour Trust & Investment Management Co now owns 298,450 shares of the company’s stock valued at $14,260,000 after buying an additional 2,775 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter valued at $263,000.

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

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund stock traded down $0.06 on Thursday, reaching $46.87. The stock had a trading volume of 13,145 shares, compared to its average volume of 39,033. The company has a 50 day moving average price of $47.39 and a 200 day moving average price of $47.11. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1 year low of $45.16 and a 1 year high of $48.18.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.1998 per share. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.18.

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.