FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Drop in Short Interest

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,600 shares, a drop of 76.1% from the January 31st total of 10,900 shares. Based on an average daily trading volume, of 55,900 shares, the days-to-cover ratio is presently 0.0 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

NASDAQ SKOR opened at $48.32 on Friday. The firm has a 50-day moving average of $47.82 and a 200-day moving average of $48.27. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52-week low of $46.67 and a 52-week high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2012 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter valued at about $70,000. Nations Financial Group Inc. IA ADV increased its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock valued at $1,148,000 after buying an additional 4,365 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter valued at about $3,533,000. Finally, Anderson Financial Strategies LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter worth approximately $8,934,000.

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.