FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Update

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 5,200 shares, a drop of 26.8% from the December 15th total of 7,100 shares. Based on an average daily volume of 43,800 shares, the days-to-cover ratio is presently 0.1 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

SKOR opened at $47.77 on Friday. FlexShares Credit-Scored US Corporate Bond Index Fund has a 1-year low of $46.67 and a 1-year high of $49.26. The company’s fifty day moving average price is $47.95 and its two-hundred day moving average price is $48.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were issued a $0.1991 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.39 dividend on an annualized basis and a dividend yield of 5.00%.

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

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter worth approximately $70,000. Harbour Trust & Investment Management Co boosted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the third quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company’s stock valued at $15,098,000 after buying an additional 5,583 shares during the last quarter. Horizon Bancorp Inc. IN grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% during the third quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock worth $10,915,000 after buying an additional 34,148 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter valued at $3,533,000.

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.