FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Strong Trading Volume – Still a Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw an uptick in trading volume on Tuesday. 2,119,322 shares changed hands during trading, an increase of 2,292% from the previous session’s volume of 88,618 shares. The stock last traded at $46.79 and had previously closed at $46.79.

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

The stock has a fifty day simple moving average of $47.74 and a two-hundred day simple moving average of $48.22.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, September 1st were given a $0.1905 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 4.9%. This is a decrease from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1908. The ex-dividend date was Tuesday, September 1st.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Horizon Bancorp Inc. IN increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) by 6.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,879 shares of the company’s stock after buying an additional 10,859 shares during the period. FlexShares Credit-Scored US Corporate Bond Index Fund accounts for approximately 4.2% of Horizon Bancorp Inc. IN’s portfolio, making the stock its 8th largest holding. Horizon Bancorp Inc. IN owned approximately 1.25% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $8,746,000 at the end of the most recent quarter.

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.