FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Up 58.3% in October

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKORGet Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 42,100 shares, an increase of 58.3% from the September 30th total of 26,600 shares. Based on an average daily volume of 47,100 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Gleason Group Inc. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter worth $66,000. Horizon Bancorp Inc. IN purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at about $4,910,000. Finally, Harbour Trust & Investment Management Co boosted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 301,795 shares of the company’s stock worth $14,326,000 after purchasing an additional 3,345 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

NASDAQ:SKOR traded up $0.05 on Tuesday, hitting $48.33. The stock had a trading volume of 26,202 shares, compared to its average volume of 37,752. The company has a fifty day moving average price of $48.80 and a two-hundred day moving average price of $48.00. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1-year low of $45.33 and a 1-year high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1992 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.20.

About FlexShares Credit-Scored US Corporate Bond Index Fund

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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.

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