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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Rating) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 122,800 shares, a growth of 7,123.5% from the April 30th total of 1,700 shares. Based on an average trading volume of 15,000 shares, the days-to-cover ratio is presently 8.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Nations Financial Group Inc. IA ADV grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Rating) by 107.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,938 shares of the company’s stock after buying an additional 5,157 shares during the quarter. Nations Financial Group Inc. IA ADV owned approximately 0.19% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $471,000 at the end of the most recent reporting period.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.3 %

FlexShares Credit-Scored US Corporate Bond Index Fund stock opened at $46.72 on Friday. The stock has a fifty day moving average price of $47.30 and a two-hundred day moving average price of $47.10. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52-week low of $44.75 and a 52-week high of $48.77.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 5th. Shareholders of record on Tuesday, May 2nd were paid a dividend of $0.137 per share. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.13. This represents a $1.64 annualized dividend and a yield of 3.52%. The ex-dividend date was Monday, May 1st.

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.